The guarantor lender said Crawford’s unexpected withdrawal of his candidature was due “a divergence of views with a majority of the board”.
Jennison said: “It’s fair to say that I like a tough challenge and, when it’s sorted, I take a lot of pride from the end result.
“Amigo is a business full of good people at all levels and working together we can sort this. Our customers need us and by Amigo not being able to lend more widely at the moment, they are the ones that are missing out.
“The ability of Amigo to help our current and future customers – who typically can’t access mainstream finance – could genuinely change their lives and set them on a path to financial inclusion.”
Amigo’s founder James Benamor, who was supportive of Crawford being on the board, has set up a shareholder vote to remove the current chief financial officer Nayan Kisnadwala and chairman Roger Lovering, it will be held at 10.45am on September 29.
Benamor said on Twitter that he had not spoken to Crawford and that the news was a surprise, "however the reason for his resignation is not".
"Glen tried to work with the board on a peaceful transition to good governance. I tried the same in January. It is a dead end," he added.
The shares were up 13% to 11.51p on Wednesday afternoon, where they are more than 80% below where they started the year.
I have not spoken to Glen. His resignation today is a surprise to me, however the reason for his resignation is not.— James Benamor (@JamesBenamor) September 23, 2020
Glen tried to work with the board on a peaceful transition to good governance. I tried the same in January. It is a dead end.