Beleaguered guarantor lender Amigo Holdings has appointed Danny Malone as it interim chief financial officer, subject to FCA approval, following the departure of Mike Corcoran.
The appointment is expected to take effect from 7 February and will be for a four-month period.
Amigo said that Malone, a chartered accountant, has extensive experience across multiple financial services companies and banks at board level, mostly operating in the non-standard consumer finance sector. He co-founded Everyday Loans in 2006 and was finance director until 2013, when, following its acquisition by Secure Trust Bank, he became CEO through to 2018.
Chief executive Gary Jennison: “I am delighted to welcome Danny to Amigo. Danny joins with extensive business and regulatory experience and has proven success operating as a CFO and at senior board level across several businesses operating in the consumer finance sector.
“He will be a valuable addition to the senior management team at Amigo whilst we all work to deliver the best outcome we can in the circumstances to our customers, our shareholders and our other stakeholders.”
Amigo shares crashed on Monday after the company warned that it could collapse if it failed to get court and creditor approval for its new rescue plan.
