Feb 2 (Reuters) - Troubled doorstep lender Provident Financial has appointed acting chairman Malcolm Le May as its CEO with immediate effect, the company said on Friday.
Le May, who was appointed to Provident’s board in 2014, fills a position that has been open since August, when a second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend.
The British sub-prime lender has been hit by unresolved problems at its door-to-door lending business, with the group’s woes compounded by investigations by Britain’s financial watchdog into two of its units. ($1 = 0.7014 pounds)
Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Goodman