13th Nov 2014 07:00
13 November 2014
AA plc
("AA" or the "Company")
Board changes
The AA, the UK's largest breakdown service, is pleased to announce changes to the Board and committee constitution with the appointments of Dr. Martin Clarke as Chief Financial Officer in succession to Andy Boland and John Leach as Senior Independent Non-Executive Director of the Company with immediate effect.
Martin is part of the MBI team and has been an executive director since 26 June 2014 and has over 30 years of private equity experience. He will become CFO with immediate effect and succeeds Andy Boland, who will leave the AA at the end of December, after a period of handover.
John becomes the Senior Independent Non-Executive Director with immediate effect. He joined the Board as an independent non-executive director on admission on 26 June 2014.
The Board also announces changes to the constitution of its Board committees as follows:
Audit Margaret Young (chair) Andrew Blowers John Leach Andrew Miller | Nomination John Leach (chair) Andrew Blowers Simon Breakwell Bob Mackenzie Margaret Young
|
Risk Andrew Blowers (chair) John Leach Margaret Young
| Remuneration Simon Breakwell (chair) Andrew Miller Andrew Blowers |
Bob Mackenzie, Executive Chairman of the AA, commented:
"I am pleased that Martin is becoming CFO and John our senior independent director and that the Board can announce these changes today. As a result, there is now an independent balance to the Board, and after Andy Boland leaves, there will be five non-executive directors and three executive directors.
I would also like to thank Andy Boland for his valuable contribution to the AA over the last six years."
The AA Jill Sherratt
| 01256 497057 |
Cenkos Securities plc Bob Morris Max Hartley | 020 7397 8900 |
Headland Tom Gough Francesca Tuckett | 020 7367 5222 |
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