LONDON (ShareCast) - (Sharecast News) - Credit provider Amigo Holdings revealed on Friday that chief executive Gary Jennison will stand down from the role and be released by chief financial officer Danny Malone.

Amigo said Jennison will step down as CEO immediately but noted that he will remain available to the board in order to ensure an appropriate transition and will continue to be employed by Amigo and support the business until the end of the year.

Malone will be replaced in his role by finance head Kerry Penfold.

Chairman Jonathan Roe said: "I'd like to thank Gary for his dedication and considerable contribution to Amigo. When he took the role in September 2020, Amigo was teetering on the brink and we appointed Gary to lead the turnaround and the major transformation required.

"We now stand in a far better place, with a clear vision for the business and within sight of returning to lending. There is still work ahead but we are now entering a new phase in our recovery focused on our new proposition and growth."

As of 0920 BST, Amigo shares were down 1.16% at 3.95p.





Reporting by Iain Gilbert at Sharecast.com

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