The 2017 skipper Moylan has left to join Cronulla and Wallace will take charge.

The veteran hooker guided the Panthers for the final month of the 2017 season.

A Penrith junior, Wallace made his NRL debut for the club before a stint in Brisbane. He returned south in 2014 to rejoin the Panthers.

The 32-year-old has previously represented both NSW in State of Origin and Scotland at the 2013 World Cup.

"Peter Wallace did a great job at the end of last year so I don't see any reason to change that," Penrith coach Anthony Griffin said.

"Pete is a steady influence on the players. He'll start the season as captain. He's got people around him like Trent Merrin, Isaah Yeo and Josh Mansour that are good leaders.

"He's been a great servant to the club and his transition into hooker the last couple of years has given him another lease of life and taken him to another level."