UK’s Amigo Holdings announces CEO exit

(Reuters) -Amigo Holdings on Monday said that Kerry Penfold will immediately step down as CEO, at a time when the British sub-prime lender is looking for a buyer to take over its stock market listing as it winds down its business.

Nicholas Beal, Amigo’s Chief Restructuring Officer, will take over Penfold’s responsibilities alongside his own.

(Reporting by Simone Lobo in Bengaluru; Editing by Mrigank Dhaniwala)