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Former Amigo Loans boss returns as CEO

Guarantor lender Amigo Loans has announced that previous chief executive Glen Crawford will be re-joining the company as CEO.

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Crawford had stepped down in April 2019 to undergo medical treatment but is now ready to re-join subject to obtaining the necessary regulatory approvals.

 

Acting chairman of Amigo, Roger Lovering, said: “I am delighted that Glen has decided to re-join the company. He is a natural choice and brings experience and leadership to the company at this challenging time.”

 

Crawford said: “I am pleased to have this opportunity to step back into the driving seat at Amigo with the support of the board.”

 

In June, a potential buyer pulled out of acquisition talks with Amigo Loans, just as the guarantor lender anticipated a £35m cost to resolve a complaints backlog.

 

Amigo Loans recently suspended lending to new customers amid the Covid-19 pandemic.

 

In March this year, Amigo’s founder, James Benamor, resigned from the board after reinstating himself three months prior. In the same month, Benamor published a blog publicly criticising the alleged actions of Amigo’s board.

 

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