Amigo's Hamish Paton officially takes over as CEO

Guarantor loans provider Amigo appointed Hamish Paton as chief executive officer on Monday, taking over from Glen Crawford.

Amigo elevated Paton, the group's chief commercial officer, to CEO after Crawford was forced to resign due to previously disclosed health conditions back in June.

Following the board changes, Amigo has a total of four independent non-executive directors, including its chairman, and two executive directors.

Chairman Stephan Wilcke said: "It is a pleasure to officially welcome Hamish to the role of CEO at Amigo. He has very relevant experience from leading a people-based consumer credit business.

"Hamish's extensive customer-facing background and proven hands-on operational expertise position him well to deliver the leadership required for the next phase of Amigo's strategy."

As of 0835 BST, Amigo shares were up 2.74% at 165p.