The online payment company once known as NETELLER, and now known as NEOVIA, released its Q4 2008 trading report and seemingly buried amongst all the financial figures, an announcement of a management change.

After serving in a number of executive roles within the company for the past four years, president and CEO Ron Martin will be stepping down and leaving the company for "family reasons."

"Mr. Martin has agreed to remain with the Company during a transition period to facilitate the orderly engagement of a replacement CEO," said NEOVIA.

"A recruitment process is being commenced. The Board expresses its gratitude to Mr. Martin for his effective leadership during a challenging time for the Company and appreciates his continuing support during the transition interval."

"The Company will advise shareholders the exact date of his departure in due course," concluded NEOVIA.