Tim Sykes has been appointed as the new CEO of Proactis Holdings, the Wetherby-headquartered global spend management and B2B e-commerce solution provider.
Mr Sykes replaces Hamp Wall who is stepping down from the Board to continue his role with the company in an advisory capacity.
In a company update, the Group said is has kicked off the recruitment process to find a new CFO to replace Mr Sykes.
In the meantime, Mr Sykes will continue in his role as CFO alongside his new responsibilities as CEO.
Sean McDonough will now assume a new title of Chief Information Officer with immediate effect as this title better reflects his present role.
Mr Sykes said: “This is a period of great opportunity for the Group as our team focuses on delivering sustainable organic growth on buy side applications and develops the Group’s supply side strategy.
“I am delighted to accept this opportunity to lead the Proactis team as Chief Executive Officer and I look forward to developing the business for its customers and driving value for its shareholders.”