LONDON (ShareCast) - (Sharecast News) - Loans provider Amigo Holdings' chief executive Glen Crawford announced his intention to retire from the group in order to undertake medical treatment for a degenerative spinal condition.
Crawford, who has been in the role since October 2015, will stand down at some point during the summer and will be replaced by Hamish Paton, who was already set to join the firm as chief commercial officer in early May.

Paton comes from a background of consumer credit, having been CEO at Brighthouse Group between October 2016 and March 2019.

Chairman Stephan Wilcke said: "Whilst we are saddened by Glen's decision to depart we respect his decision and wish to facilitate his timely recovery.

"Glen's drive and commitment has seen Amigo through its first full year post IPO despite his spinal problems. All this has been achieved whilst developing a strong management team who will work with Hamish and the board to continue the successful execution of Amigo's strategy."

As of 0805 BST, Amigo shares had picked up 2.14% to 262p.

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