14th Jun 2019 08:09
(Alliance News) - Amigo Holdings PLC said Friday Chief Executive Officer Glen Crawford had resigned with immediate affect due to a health condition.
In late April, the loan provider announced Crawford intended to stand down in summer of 2019 to undergo a medical treatment for a degenerating spinal condition which requires an extended period of recuperation.
At the time, the firm explained Crawford would be replaced by CEO-elect Hamish Paton after a "comprehensive" handover period without specifying a time.
Paton is now expected to take over as CEO over the "next month" after being appointed a director and being approved by regulators.
In the meantime, the sole remaining Executive Director Nayan Kisnadwala will "work on a day-to-day basis with the members of the executive committee, who will share responsibility for the management of Amigo."
Shares in Amigo were untraded at 278.00 pence each on Friday morning.
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