Nigeria Business & Finance Updates

Ikeja Electric appoints new CEO

Ikeja Electric Plc, one of the nation’s power distribution companies, has announced the appointment of Mrs Folake Soetan as its acting Chief Executive Officer, effective March 2, 2020.

Soetan, according to a statement, will succeed Dr Anthony Youdeowei, who has been the CEO for the last four years.

The company said Youdeowei presided over its transformation initiatives, resulting in one of the most aggressive loss reduction recorded in the power sector.

It said in her previous role as chief operating officer of Ikeja Electric, Soetan and her team introduced several initiatives that engendered the improvement of the quality of power supply in the Ikeja franchise areas.

IE said, “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 hours of power supplied 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.”

Punch

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