The board of Directors of Skye Bank Plc has announced the appointment of Mr. Timothy Oguntayo as GMD/CEO to succeed Mr. Kehinde Durosinmi-Etti who will retire from the board on July 31 at the end of his current tenure.
Durosinmi-Etti had notified the board of his desire not to seek renewal of his 4-year tenure at the expiration of his current term. The board also announced the appointment of Mrs. Amaka Onwughalu (pictured right) as Deputy Managing Director. Both appointments are subject to appropriate regulatory approvals.
The board thanked Durosinmi-Etti for his service to the institution from the period of consolidation, first in the capacity of Deputy Managing Director and subsequently as Group Managing Director and Chief Executive Officer. It noted that under the outgoing GMD, the bank recorded very significant progress in both quantitative and qualitative terms.
The board also commended Durosinmi–Etti for his professionalism, simplicity and humility – qualities which distinguished him as a worthy leader and consummate banker. The board wished him success in his future endeavours as he commences his terminal leave.
In a statement, the bank said the appointment of Mr. Timothy Oguntayo is consistent with its tradition and succession strategy of grooming leaders from within.
Oguntayo is an alumnus of the prestigious INSEAD, Fontainebleau in France and a fellow of the Chartered Institute of Bankers of Nigeria (CIBN).