Skye Bank Set to Appoint New CEO

The Board of Directors of Skye Bank Plc is to meet soon to appoint a new managing director for the bank, in line with the directive of the Central Bank of Nigeria (CBN) on tenure limit for bank chief executive officers now pegged at 10 years.
A statement signed by the bank’s head of Corporate Affairs, Kayode Akinyemi, said the Board is confident that all its executive directors are seasoned bankers who can seamlessly assume the mantle of leadership.
The bank explained that it was well prepared for the new development having established a robust succession and leadership development plan way back before the new CBN directive.
The bank noted that it has already made significant changes to its operating structure in the last couple of months to prepare and position the bank for better performance, the statement added.
More importantly, the statement said the bank is, however, very focused on aggressively pushing the market frontiers and winning new business, as this is a new financial year.
Last week, the CBN introduced a new policy prescribing a 10-year tenure limit for chief executives of banks in the country. The new rule directs that bank chiefs who have spent up to 10 years should initiate succession plans and hand over to their successors at the end of July this year.