The CBN has approved the reconstitution of the Board of Skye Bank
PLC. By the reconstitution, Alhaji M.K Ahmad has been appointed as the
new Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as
the new Group Managing Director and CEO. Messrs.
Other members of the reconstituted Board are Bayo Sanni, Idris
Yakubu, Markie Idowu and Abimbola Izu, all of whom were serving in the
capacity of Executive Director of the Bank prior to now.
The reconstitution of the Board followed the voluntary resignation
of the former Chairman, Dr. Tunde Ayeni and other Non - Executive
Directors of the Bank, namely, Mr. Victor Odozi, Mr. BabajideAgbabiaka,
Dr. Jason Fadeyi, Mr. KunleAluko, Mr. Victor Adenigbagbe, Mr. Abdul
Bello and HajiyaAmunnaLawan Ali. In the same vein, Mr. Timothy Oguntayo
had resigned his position as Group Managing Director / CEO, alongside
Mrs. AmakaOnwughalu, Mr. DotunAdeniyi and Mrs. Ibiye Ekong who resigned
their positions as DMD, and Executive Directors. All the resignations
take immediate effect.
The former leadership of the Bank voluntarily resigned their
positions in order to pave the way for a new team to further the new
strategic direction of the Bank in the retail and commercial business
space, having laid the foundations and set the necessary processes and
structures. In this wise, the challenge of accelerating growth in the
new strategic direction becomes more urgent and compelling, given the
economic challenges in the global and domestic operating environment,
and the attendant challenges.
The Bank thanked the former Board led by Dr. Tunde Ayeni, and the
former Management team led by Mr. Timothy Oguntayo for their service,
sacrifice and dedication to the institution.
The new Chairman of the Bank, Alhaji M.K. Ahmad in a statement
earlier today, expressed optimism about the Bank, given its vast
potentials and its strategic position in the economy. He stated that the
Bank is well positioned to deepen the retail and commercial banking
services in the economy, having put in place the critical building
blocks to win in this sector. He stated that the immediate priorities
of the Board and the new Management team is to quickly begin to leverage
the huge investment in the enhanced branch network, technology and
alternative channels to improve stakeholder value in a sustainable
manner. He assured the shareholders, customers and depositors of the
Bank of his commitment to preserve their investments and deposits, while
further assuring that the support and backing of the CBN and other
relevant stakeholders have been obtained in this respect.
Alhaji Muhammad K. Ahmad, OON, has about 35 years distinguished
experience leading and working in various public sector organizations
and financial services institutions in Nigeria. He was the pioneer
Director General and Chief Executive Officer of the National Pension
Commission and also a pioneer staff of the Nigeria Deposit Insurance
Corporation and rose to become Director / Head of Department and member
of the Interim Management Board.
Mr. Ahmad has served on the boards of various corporate and
not-for-profit organisations as well as presidential committees. He
chaired the Technical Committee that produced the North East
Transformation Strategy (NESTS), a medium term Regional Development
Strategy, for the sustainable socio-economic transformation and
reconstruction of the Region and currently supervises its
implementation. Ahmad is also a member of the Presidential Committee for
the North East Intervention (PCNI). Prior to his appointment, he was a
Director on the Board of FBN Holdings PLC, where he brought his rich
experience in the financial services industry to bear on the
institution. He strongly promotes building institutions based on the
highest corporate governance and ethical standards and would bring his
extensive experience to bear on his role on the board of Skye Bank PLC
as Chairman.
Ahmad has a Masters Diploma in Innovation and Strategy from
University of Oxford and has also attended courses and programmes in
various first-rate business and management schools, including Harvard
Business School, IMD and INSEAD. A co-author of the book, “The Extent
and Effectiveness of Bank Supervision in Nigeria”, Ahmad is married with
children.
The new MD/CEO Mr Adetokunbo Mukhail Abiru, is an alumnus of
Harvard Business School (Advanced Management Program) and Lagos Business
School (Executive Management Program). He holds a B.Sc (Economics) from
Lagos State University and is a Fellow of The Institute of Chartered
Accountants of Nigeria (ICAN) and an Honorary Executive Member of The
Chartered Institute of Bankers of Nigeria (CIBN).
Tokunbo has had a distinguished career in banking spanning about 26
years, of which his early ten (10) years were spent in the formative
years of Guaranty Trust Bank Plc. Thereafter, he spent about Fourteen
(14) years with the premier and most valuable banking brand in Nigeria,
First Bank of Nigeria Limited, where he functioned as Executive
Director, Corporate Banking between 2013 and 2016.
Equally during his banking career, he was at various times between
2013-16 a Non – Executive Director in the following companies: Airtel
Mobile Networks Limited; FBN Capital Limited (now FBN Merchant Bank
Limited); and FBN Bank Sierra Leone Limited.
No comments:
Post a Comment