Carl Williams has become the chief executive (CEO) at Planet Payment (LON:PPT, NASDAQ:PLPM) to take the group into the next phase of growth.
Williams, who has been on the board and the firm's president since November last year, has been asked by the board to serve as CEO - effective February 19 this year.
Meanwhile, Philip Beck, who previously held down CEO duties in combination with his chairman role, will continue as chairman, it said.
Director Cameron McColl told investors: "Under Philip's leadership, the company has built a leading payment and transaction processing platform, operating in 22 countries.
"We greatly appreciate his efforts and dedication for the last 15 years and look forward to his continuing guidance.
"We are excited that Carl is taking on the CEO role and believe that he will help us execute our strategic plans and take the company into the next phase of its growth"
Williams added: "I look forward to working with our team members and the board to plot a course for long-term growth and prosperity."