Business
Appointment of Hamish Paton as CEO
Appointment of Hamish Paton as CEO.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9472G Amigo Holdings PLC 29 July 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n29 July 2019 \nAmigo Holdings PLC (\"Amigo\" or the \"Company\") \nAppointment of Hamish Paton as CEO\nAmigo Holdings PLC (LSE: AMGO), the leading provider of guarantor loans in the UK, confirms Hamish Paton has been appointed as CEO and executive director of the Company with immediate effect, following FCA authorisation. As previously announced on 14 June 2019, Mr Paton assumed the role of CEO designate at Amigo. \nFollowing the above change the total number of Directors will consist of four independent Non-Executive Directors, including the Chairman and two as Executive Directors.\nStephan Wilcke, Chairman, commented: \"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.\"\nHamish Paton, CEO of Amigo, commented: \"Amigo plays an important role in the lives of its customers and it does that really well. The guarantor loan model is an innovative way to help people find the money they need to make considered life purchases. I would not be here if I did not firmly believe that Amigo provides a much needed product and occupies a space in society that is making a real difference to the lives of our customers, many who cannot access credit from their bank or building society. \n\"I am incredibly fortunate to be walking into a business where there is a true sense of ownership amongst the teams and individuals working at Amigo. This my opportunity to take Amigo forward and make sure it is the best company it can be for all our stakeholders.\"\nRemuneration \nThe elements of Hamish Paton's remuneration package detailed below are consistent with the shareholder approved Directors' Remuneration Policy and reflect the process by which Hamish Paton was recruited:\nBase salary: £400,000 p.a.\nMaximum annual bonus: 150% of salary of which 100% will be deferred...