The former Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has formally handed over to his successor, Mr. Timothy Oguntayo, at a ceremony in Lagos.

Durosinmi-Etti said the event demonstrated the existence of sound corporate governance in the bank, which makes succession seamless and rancour-free.

He said having served as CEO of three different banks for a total of 11 years, he felt it was time to leave for another person to come and take the bank to another height.

He described the years he spent at Skye Bank as the hallmark of his banking career.

He called on the staff to support the new GMD/CEO of the bank, adding that with change, there would be a new way of doing things.

A statement by the bank quoted Durosinmi-Etti as saying that he would continue to work for the success of the bank as well as serve as its ambassador at all times.

In his remarks, Oguntayo thanked his predecessor for his leadership and guidance in the past and wished him success in his future endeavours.

He explained that his aspiration for the bank was to make it a catalyst for the country’s economic growth by assisting and funding the small and medium enterprises and developing specialised products for them.

Oguntayo said he would work to reduce operating cost and lead by example in that respect.

In addition, he promised to motivate the workforce by rewarding performance so that the bank would grow.

The Skye Bank boss also said the bank would continue to draw from the wealth of experience of Durosinmi-Etti at all times.

Durosinmi-Etti had started his terminal leave in April after giving notice of his decision not to renew his mandate to the Board of the bank after four years in office.