Guarantor lender Amigo has picked Glen Crawford to return to the company as chief executive after a tussle with its multimillionaire founder over the board of directors.
Mr Crawford, who will take the role on August 1, had stepped down as chief in April last year for medical reasons having led the business for three years. He was responsible for taking Amigo to an initial public offering in July 2018.
Senior independent director Roger Lovering last month replaced Stephan Wilcke as chairman on an interim basis. Hamish Paton agreed to resign as chief executive at the end of this month. Both had agreed to go last year at the “first suitable opportunity”.
“I am delighted that Glen has decided to rejoin the company,” said Mr Lovering, acting chairman. “He is a natural choice and brings experience and leadership to the company at this challenging time.”
James Benamor, the multimillionaire founder of Amigo Loans, said last month he would sell his entire 61 per cent stake in the guarantor lender after he lost a battle to remove its board of directors. Around 91 per cent of Amigo’s minority shareholders rejected his request to replace its five directors with his two nominees in a vote.