Fidessa, a listed Surrey-based supplier of software to the financial services sector, has appointed Andy Skelton as its new chief financial officer.
Skelton will replace Andy Malpass, who announced his retirement in February 2014, as chief financial officer on 26 October 2015.
Malpass will step down from his position but will remain an executive director until February 2016 so a "well-managed handover can be effected".
Since July 2011, Skelton has served as deputy chief financial officer at CSR, a global fabless semiconductor company which, until its recent acquisition by Qualcomm Incorporated, was listed on the London Stock Exchange and NASDAQ.
He was previously with Ericsson where he held a number of senior finance positions.
Fidessa chairman John Hamer said: "Andy is a very high calibre individual with strong finance and commercial skills alongside substantial experience in the technology sector. Andy will be an exceptional addition to our management team and is ideally suited to help lead Fidessa in the next phase of its development.
"I would like to take this opportunity to thank Andy Malpass for his outstanding contribution to Fidessa over the past 20 years. Andy has helped to lead Fidessa through a period of exceptional growth and development and the board is very grateful to Andy for his many years of dedicated service, and we all wish him well for the future."
Skelton will receive a basic salary of £300,000.