Andrew Abercrombie has resumed the chairmanship of Humm and former Bank of Queensland CEO Stuart Grimshaw has joined the board, as its stock languishes at a record low following the collapse of a takeover offer from Latitude Group.

Latitude CEO Ahmed Fahour, meanwhile, has extended an agreement with its major shareholders KKR, Varde and Deutsche Bank that would allow him to receive a cash payment related to the value of Latitude shares. Latitude’s stock price is also in the doldrums after its offer for Humm was rejected by Mr Abercrombie.