Skye Bank Plc has notified The Nigerian Stock Exchange that its Board of Directors, at a meeting held on Monday, April 14, 2014, approved the retirement of Mr. Kehinde Durosinmi-Etti, the Bank Group Managing Director/Chief Executive Officer, to take effect from August 1, 2014.
The Board at the same meeting, in line with its succession plan, appointed Mr. Timothy Oguntayo as the new Managing Director/Chief Executive Officer of the Bank. Mrs. Amaka Onwughalu was also appointed the Deputy Managing Director of the Bank, with effect from April 15, 2014.
Mr. Timothy Oguntayo is an alumnus of the Prestigious INSEAD, Fontainebleau in France and a Fellow of the Chartered Institute of Bankers of Nigeria. He is also an Associate of the Institute of Chartered Accountants of Nigeria and has over two decades of banking experience in Corporate Finance and Investment Banking, Business Development, Credit and Marketing and Operations.
He was appointed to the Board of the Bank on August 18, 2009 and was the pioneer MD/CEO of Skye Financial Services Limited (the investment banking arm of Skye Bank) before the Bank divestment from the company in 2012. He also served on the Board of Skye Stockbrokers Limited and Law Union & Rock Insurance Plc. Mr. Oguntayo is currently a Director on the Board of Kakawa Discount House Limited