Louisville, Ky.-based Payment Alliance International Inc. CEO John Leehy III, Executive Vice President and COO Greg Sahrmann as well as Chief Payments Officer Donna Embry have resigned from the company, the Louisville Business First reported.

Following the trio's resignation, an executive committee has been picked to lead the company, which comprises Chairman Jim Comis, CFO David Kozal, Senior Vice President of Sales Scott McFarland and Chief Talent Officer Dale Herb.

The departure of the top level executives is due to a "strategic redirection," according to the company's chairman, the report said. Comis further added that more layoffs are expected.

Additionally, Payment Alliance International promoted Dale Jones to the position of chief technology officer. He previously was director of information technology for ATM Express. The company further promoted Mike Hammer to senior vice president, the report said.