Financial Objects deputy chairman Paul Fullagar has been appointed as chairman, effective from May 31.
Current chairman Roger Foster has announced he will be retiring from the board and the company at the end of the month.
Foster was chief executive from 2004 to the end of 2006, when he stepped down whilst remaining as part-time chairman.
During this period he has overseen three years of consistent trading growth, and has laid strong foundations for the future success of the company.
Fullagar says: “Roger is an outstanding businessman who has made a significant contribution to the industry and to the success of Financial Objects. I am honoured to take over from Roger, and look forward to building on his hard work.”
Stewart Foster will also be leaving the board on May 31.
Fullagar says: “Stewart has been with the company for almost ten years, during which time he has played an important role in growing the business and in establishing the company’s highly successful development centre in India. We wish him well in the future.”