Amigo Loans’ chief executive to step down

She will, however, remain chief executive of its subsidiaries until the end of this month. Its chief restructuring officer Nick Beal with join the board as an executive director with immediate effect and will take on PLC responsibilities for the business – which is currently in orderly solvent wind-down –  alongside his existing role.  

Additionally, Michael Bartholomeusz will immediately step down from his role as a PLC non-executive director and chair of the audit and risk committees. Like Penfold, he will remain as a non-executive director of the company’s subsidiaries until 31 May.  

Amigo’s chair Jonathan Roe said: “Kerry has done an amazing job leading the team through to completion of a very complicated Scheme of Arrangement process. Having navigated us to the second Scheme payment she has decided this is the right time to move on to find a new opportunity.  

“We wish her well for the future and we know that she will succeed at whatever she does next.  

“I have been very grateful for Michael’s support during this very difficult time for Amigo. His contributions to the board discussion, with particular focus on risk and regulation, have made sure that we have done the right thing for customers.” 

Following the change, the total number of directors on Amigo’s board will consist of two independent non-executive directors and one executive director.