The Ikeja Electric Plc, Nigeria’s largest electricity
distribution company (Disco), has announced the appointment of Mrs. Folake
Soetan as its acting Chief Executive Officer, effectively from March 2, 2020.
According to the company, she takes over from Dr.
Anthony Youdeowei, who has been the CEO of the Ikeja Disco for the last four
years.
Youdeowei presided over Ikeja Electric
transformation initiatives, which resulted in one of the most aggressive loss
reduction recorded in the sector.
Describing Soetan role when she was the Chief
Operating Officer of company, Ikeja
Disco stated further that she and her team previously introduced several
initiatives that engendered the improvement of the quality of power supply in
the Ikeja franchise areas.
“She was also in charge of the team that delivered
the Bilateral Power Initiative, which for the first time in Nigeria, witnessed
the provision of a minimum of 20-hour power supply through the national grid to
customers.
“Soetan has a track record of operational
leadership and brings extensive experience to the role, having held senior
leadership positions in the aviation, oil and gas and power sectors over the
last two decades.
“She holds a degree in Banking and Finance from the
University of Lagos and she is also an alumnus of Harvard Business School where
she earned certification in Advance Management,” it stated.
The company added that “as a focused and
result-oriented professional, Soetan will lead the next phase of growth and ensure
Ikeja Electric remains a ‘customer first, technology now organisation, through
reliable power supply, improved customer service and technologically-driven innovative
products and service company.”
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