Brendon McCullum will take over the captaincy reins for the domestic twenty/20 tournament this season while Aaron Redmond will lead the side in the one-day and four-day tournaments.
The pair replace the long-serving Craig Cumming, who led Otago in more than 60 first-class games from 2001-02 until he stepped down at the end of last summer.
Cumming remains committed to playing for Otago this summer but felt the time was right for a fresh voice. Redmond is one of the more experienced players in the squad.
He is a key member of the top order.
"Aaron was the natural successor to Sid [Cumming]," Otago coach Vaughn Johnson said.
"He has been around long enough now to learn the ropes. I think he has served his apprenticeship in terms of being in the leadership group and it was either him or Nathan McCullum.
"But Nathan is going to be away a fair bit with national duties and I was pretty keen to have someone who would be there the whole season."
The decision to split the captaincy was an easy call, Johnson said.
"Brendon is available for the twenty/20 competition . . . and I just think it was a no-brainer if you have someone of his quality. He leads by example."
Redmond is playing cricket in the United Kingdom but in a press release said he was looking forward to the challenge.
"It has always been my dream to captain a first-class cricket side," he said. "I am deeply honoured to be given this opportunity to continue the great work that Craig has achieved and look forward to delivering the silverware for the province and its loyal supporters."
McCullum, in a statement, expressed similar sentiments.
"We have some exceptional players throughout our squad and I look forward to harnessing the strengths of our team," he said.
"This team has achieved some very proud moments in Otago sport in recent times and we will be attempting to add another successful chapter in the T20 campaign."
No-one doubts McCullum's leadership ability but his promotion might raise a few eye-brows given his decision to sign with the Brisbane Heat and play in the Australian domestic twenty/20 tournament.
The Big Bash League is scheduled for a mid-December start and the HRV Cup is expected to begin in late December. McCullum is good but even he cannot be in two places at once.
However, Otago Cricket Association chief executive Ross Dykes told the Otago Daily Times earlier this week he does not believe McCullum's dual commitments will affect his ability to play for the Volts. And Johnson reiterated that view yesterday.
"I don't think it will be an issue. Brendon has worked out his timetable along with Otago Cricket and his first priority will be towards Otago cricket. I'm sure that is what will happen."