EML Payments (ASX:EML) named current independent Non-Executive Chair Anthony Hynes executive chair, effective Monday, according to a same-day filing with the Australian bourse.

Anthony Hynes will succeed Chief Executive Ron Hynes, who stepped down on Dec. 21, following the company's decision for alternate leadership, the filing said.

Additionally, independent Non-Executive Director Ken Poutakidis has been named deputy chair, effective Monday, the company said.

The payments company also reaffirmed its underlying earnings before interest, taxes, depreciation, and amortization forecast for 2025 between AU$54 million and AU$60 million.

Shares of the company fell nearly 16% in recent Monday trade.

Price (AUD): $0.76, Change: $-0.14, Percent Change: -15.56%