By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s lender, Skye Bank Plc said on Wednesday its board has appointed Pius Olaoye its new chief finance officer (CFO) with effect from September 1, 2015 following the resignation of Bamidele Ogunnaike effective 31 August 2015.

“Skye Bank states that Pius Olaoye has the requisite skills and knowledge, related experience, and the understanding of the CFO role,” the lender said.

According to the Bank, he has been in the Financial Control Department of the Bank within the last 10 years and was the deputy to the outgoing CFO between 2006 and 2012. He was re-assigned to the Central Processing Centre (CPC) in May 2012 as the pioneer head, to set-up the operations.

Skye Bank added that prior to his appointment as CFO, Olaoye was the head of the Bank’s Performance Management where he successfully instituted a more stringent and transparent performance management framework for the Bank. Furthermore, he worked closely with the outgoing CFO and is conversant with all regulatory reporting requirements, the financial systems and records of the Bank.

At the close of Wednesday’s trading session on the local bourse, shares of Skye Bank climbed up 3.54 percent to N2.34 from N2.26 traded the last session; gaining 0.08 kobo per share.