(Alliance News) - Bournemouth, England-based Amigo Holdings PLC on Wednesday said Glen Crawford will be re-joining as chief executive officer after leaving the position to undertake medical treatment in April last year.
He previously served in the position from February 2016 to April 2019.
His re-appointment will take effect from August 1, if the necessary regulatory approvals are obtained by then.
The guarantor loans provider's Acting Chair Roger Lovering said: "He is a natural choice and brings experience and leadership to the company at this challenging time."
Crawford said: "I remain confident that with Amigo's excellent team pulling together, we can successfully navigate through the challenges facing the business and get back to focusing on meeting the day to day needs of our present and future customers, who are otherwise excluded from obtaining credit."
Amigo shares were up 29% at 13.79 pence on Wednesday morning in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Amigo (AMGO)