The AA has announced the immediate resignation from the board of its executive director Nick Hewitt for personal reasons.

Hewitt will continue as an employee of the company for several months to complete a number of key projects.

Bob Mackenzie, the AA’s executive chairman, said: "Nick Hewitt and I have worked together for many years. He worked assiduously on the MBI of the AA by means of an accelerated IPO in June 2014 and played a significant part in this successful transaction.

“Nick has decided to step down as a Director of the AA plc now we have entered the operational phase of our restructuring.

“He will continue to support us on several key projects over the next few months after which Nick intends to refocus on originating new transactions in the public and private markets.”

In January, Hewitt took a leave of absence from the organisation due to illness and was away for several months while receiving essential medical treatment.