The board of Xpress Payment Solutions Limited has appointed Wale Olayisade as acting Managing Director with immediate effect. According to the firm, his appointment is subject to the requisite regulatory approval by the Central Bank of Nigeria (CBN).

The board also extended its deepest appreciation to the immediate past Managing Director, Dr Markie Idowu for her exceptional leadership of the company over the last five years.

The statement said Idowu’s retirement from the company follows an illustrious 36-year-long career in banking, IT and fintech. However, the statement said she remains on the board of the company as a shareholder and non-executive director.

Before he was appointed acting Managing Director, Olayisade was the Executive Director/Chief Information Officer (CIO) of the company. He brings deep institutional knowledge and 25 years of experience spanning telecommunications, financial services, and fintech, where he has been involved in the digitisation of different financial services.

The statement said he is a seasoned process improvement specialist who utilises his knowledge as a Lean Six Sigma – Green Belt (GoLeanSixSigma) holder to optimise processes and ensure alignment of business goals with technology solutions to drive competitive advantage and bottom-line gains.

Olayisade holds a B. Tech. in Computer Science from the Federal University of Technology, Akure and an MSc in International Management from the University of Liverpool. He has also attended executive education programmes at Columbia Business School and Lagos Business School.