(Alliance News) - Amigo Holdings PLC said Friday it has hired former chief executive Glen Crawford as a consultant to help with the subprime lender's sale process.
Crawford left the guarantor loans provider in June, citing a health condition.
In late April, the loan provider had announced Crawford intended to stand down in summer of 2019 to undergo a medical treatment for a degenerating spinal condition which required 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, however, left as CEO - along with Chair Stephan Wilcke committing to not stand for re-election at Amigo's next AGM - in early December following the return to the board of founder & former chief executive James Benamor.
Benamor, who owns 61% of the company, then stepped down as a non-executive director with immediate effect on Wednesday this week. He first left the Amigo board in September 2018.
Crawford has been hired for a six-month period.
Wilcke said: "We are pleased to welcome Glen back into the Amigo team and I have no doubt that his experience and advice will be beneficial to the company and its shareholders at this time."
On Thursday, Amigo said a statement made by Benamor on social media on Wednesday night contained "several material inaccuracies".
Benamor posted a message on the website Medium on Wednesday night explaining his decision to leave the lender again, saying the company is "committing slow motion suicide, whilst play out the script of Brewster's Millions". In that 1985 movie, a baseball player must spend USD30 million in 30 days in order to gain an inheritance.
Amigo shares were down 1.5% at 26.25 pence in London on Friday morning.
By Paul McGowan; paulmcgowan@alliancenews.com
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Amigo (AMGO)