Actrade Financial Technologies
named Alexander C. Stonkus, the current president of
, 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