Dominic Taylor is stepping down from his role as chief executive of PayPoint and director of the board.
After more than 21 years at the helm, Taylor will leave the company on 1 April but will remain as an employee until 31 December.
He will be replaced by former eBay and Diageo executive Patrick Headon who most recently was managing director of plumbing, heating and cooling trade specialist Wolsely UK.
Headon will join the business on 1 March 2019, allowing some time to familiarise himself with the business, before taking on the role of chief executive.
Taylor said: “It has been an honour to lead PayPoint for some 21 years, from a small start up to the scale and capability of the public company it is today.
“It has been an enormous privilege to work with the many talented and committed people in the PayPoint team and I am very grateful to have enjoyed their support, alongside that of our retailers and clients, in building a unique and successful business providing important services to consumers.
“I look forward to working closely with Patrick Headon to ensure a smooth handover and I am confident that he will lead PayPoint to even greater success in the future.”
The company has also announced that Lewis Alcraft, a member of the executive board, will be appointed as chief commercial officer, responsible for PayPoint’s commercial strategy development and execution with effect from 1 April 2019.
PayPoint chairman, Nick Wiles, said: “Dominic has been an outstanding leader of the business during his time as chief executive.
“He has made a significant contribution to establishing the company we are today, based on strong values, an entrepreneurial spirit and a focus on delivering value for all stakeholders.
“With the support of a strong team, he has built the leading bill payments and retail services provider in the UK and Romania and made significant progress against our strategy of embedding PayPoint at the heart of convenience retailing.
“More recently this has resulted in a simplified and more focused business with a clear roadmap against which to implement our strategy.
“The Board is delighted to welcome Patrick Headon to the company following a thorough and rigorous search process.
“The combination of Patrick’s experience, drive and track record in delivering on strategy, makes him the ideal candidate to lead PayPoint.”