Matthew Guy is the new leader of the Victorian Liberal Party.
Mr Guy was planning minister in the Napthine government, which lost the Victorian state election.
The deputy leader is David Hodgett, the former major projects minister.
Mary Wooldridge is leader of the opposition in the upper house, with Gordon Rich-Phillips as deputy.
Mr Guy said he was humbled and overwhelmed to win the support of his colleagues.
"I'm deeply appreciative of the trust the parliamentary Liberal party has given me today," Mr Guy told reporters after the vote.
Former premier Denis Napthine said the party was fortunate to have a depth of talent to take the party forward.
"I think Matthew Guy will be an outstanding leader of the Liberal party," Dr Napthine said after the ballot meeting.
"He's young, dynamic, and he really knows how to relate to people.
"I'm pleased the new generation has taken over."
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