Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UK lender Amigo CEO Jennison to step down; CFO Malone named new chief

Published 23/09/2022, 07:47
Updated 23/09/2022, 08:15
© Reuters.

© Reuters.

(Reuters) -British sub-prime lender Amigo Holdings Plc said on Friday its chief executive officer Gary Jennison was stepping down and he would be replaced by current chief financial officer Danny Malone.

Jennison, who was at helm of Amigo for two years, will step down immediately, but continue to stay in the company until the year-end.

Under his tenure, Jennison had to battle insolvency fears after a deluge of customer complaints early last year of the company misselling loans.

Malone, a chartered accountant by profession, was appointed as the interim CFO of Amigo in January after the abrupt departure of finance chief Mike Corcoran.

Kerry Penfold, who is currently the head of finance operations, would takeover as the new CFO, the company said.

The London-listed firm said in June it plans to resume lending after court approved its new business rescue scheme.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.