Ikeja Electric Appoints Folake Soetan As New Acting CEO
Ikeja Electric, Nigeria’s largest electricity distribution company has appointed Folake Soetan as its new Acting Chief Executive Officer.
Soetan 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 and lead the company to win several health and safety award including the most coveted AfriSAFE Award for 2019.
Dr. Anthony Youdeowei is an AfriSAFE 2019 Business Leader of the Year Award winner; his support for Health and Safety initiatives in Nigeria has been describe by professionals as phenomenal.
Describing Soetan’s role when she was the Chief Operating Officer of the company, IKEDC said that she and her team had 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.”