Cyprus-based payments processor Qiwi PLC appointed Boris Kim as CEO and Maria Shevchenko as deputy CEO.

Kim, who has been chairman of the board since 2014 and is a founding member of the company, will take over the role Jan. 15, 2020, from Sergey Solonin, who is resigning as CEO but will continue on with the company as its executive chairman.

As a consequence of the appointment, Kim will step down from his role as chairman of the board of directors and member of the compensation committee on the same date his appointment is effective but will remain a member of the board.