Actrade Financial Technologies

(ACRT)

named Alexander C. Stonkus, the current president of

Actrade Capital

, as president and chief executive of the parent company.

Stonkus will succeed Amos A. Aharoni, the company's founder. Aharoni will continue in his role as chairman. Brian J. Schwartz will become president of Actrade Capital.

Shares of the electronic payment technologies developer gained $2.06, or 10.8%, to $21.25 in recent

Nasdaq

trading.