StockMarketWire.com - Subprime lender Amigo said chief executive Hamish Paton and chairman Stephan Wilcke had both stood down.

Wilcke's decision came after the company approved the appointment of each of the Richmond Group's director nominees, James Benamor and Kelly Black, to its board.

Wilcke said he would not seek re-election at the company's next annual general meeting in 2020.

The chair of the remuneration committee, Clare Salmon, had also decided to step down.

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