(Alliance News) -Â Provident Financial PLC on Wednesday said it has appointed Hamish Paton, former chief executive of Amigo Holdings PLC, as the new managing director of its Consumer Credit Division.
He will take over from Chris Gillespie, who is joining pawnbroker H&T Group PLC. Gillespie had held the role since August 2017.
Provident said Paton has a "strong consumer finance background", serving as CEO of rent-to-own lender BrightHouse before his stint as Amigo CEO.
Amigo Founder James Benamor returned to the board in December 2019 as a non-executive director. At the same time, Paton resigned and Chair Stephan Wilcke said he would not be standing for re-election at its next annual general meeting.
Paton will join Provident on September 14.
"I look forward to welcoming Hamish Paton when he joins Provident Financial. His extensive sector experience, and existing knowledge of our customer base, make him the ideal person to continue the work needed to get CCD back to a position of strength and profitability," said Provident CEO Malcolm Le May.
Provident shares were down 2.6% at 171.70 pence in London on Wednesday.
By Lucy Heming;Â lucyheming@alliancenews.com
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H&t Group Plc (HAT)
Amigo (AMGO)