Former Kwik-Fit Boss is New Deputy Mayor of London

Tim Parker, the former Kwik-Fit and AA boss has been as a deputy mayor of London. His track record led to the trade unions dubbing him “the Prince of Darkness” after he departed from Kwik-Fit £25 million richer and the AA over £40 million better despite thousands of job cuts. Tim Parker’s deputy mayor role will see him become chief executive of the GLA Group, which comprises the authority itself, the London Development Agency and Transport for London, which he will chair.

It is widely reported that Parker became a multimillionaire after implementing often painful cost cutting programmes such as at the AA where he cut 3,500 jobs in the first 100 days following its take over by CVC Capital. However, on this occasion the Porsche driving multimillionaire has agreed to work for Boris Johnson for just £1.

Tim Parker was previously Chief Executive of the AA and Deputy Chairman of Kwik-Fit, both CVC Capital Partners portfolio companies. He is a non-executive director of Compass Group plc and previously non-executive director of Boots Group plc. Parker has an MA in Politics, Philosophy and Economics from Oxford University.