Shares of Zip (ASX:ZIP) have risen as much as 1.2% following an update to their leadership structure.

The financial services company announced that Cynthia Scott will take on the role of group CEO.

Further leadership changes include Peter Gray and Larry Diamond assuming the roles of CEO for Australia and New Zealand, and the US, respectively.

As of 0502 GMT, 2.2 million shares changed hands, compared with a 30-day average volume of 4.9 million shares.

According to data from Refinitiv, two of ten analysts rate the stock as ‘buy’ or higher while the other eight are evenly split between ‘hold’ and ‘sell’.

Their median PT is A$0.50.

The stock has fallen 19.6% this year, as of the last close.

Zip (ASX:ZIP) is a financial services company focused on offering innovative digital retail finance and payments services.