Yokneam, Israel-based On Track Innovations Ltd., a provider of NFC and cashless payment solutions, appointed Amir Eilam chief executive. Eilam will continue to serve as OTI's vice president of research and develop, according to an announcement by the company's board of directors.
Eilam succeeds Yehuda Holtzman, who resigned as chief executive for personal reasons.
Boasting vast experience in the unattended payments space, Eilam is described as an OTI insider. He joined OTI in 2005 and led its R&D since 2012 as the company's focus shifted to solution-based products.
"I congratulate Amir on his appointment as new CEO," Holtzman said. "Two years ago, I was brought to OTI to bring about a turnaround in the business and we have successfully shifted towards a recurring revenue, software-as-a-service model, focusing on a new promising path towards long-term growth and profitability."