Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
The baton has changed hands at Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company with the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer. She took over the saddle on Monday, 2nd March, 2020.
She takes over from Dr. Anthony Youdeowei who had led the company as CEO for the last four years.
Mrs Soetan was the Chief Operating Officer of Ikeja Electric. She and her team introduced several initiatives that engendered the improvement of the quality of power supply in the Ikeja franchise areas. She was also leader 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.
Mrs. Soetan has a track record of operational leadership and brings extensive experience to the CEO’s role, having held senior leadership positions in the Aviation, Oil & Gas and Power sectors over the last two decades.
She has a degree in Banking and Finance from the University of Lagos and is also an alumnus of Harvard Business School where she earned certification in Advance Management.
Meanwhile, the Management of Ikeja Electric has signed off the Bilateral Power Agreement with Maryland Crescent/Aderibigbe Shitta Street Residents Associations in Ikeja, which will enable residents of these estates enjoy close to 20 hours daily supply of electricity.
Such regular power supply is being enjoyed by residents of several other estates within Ikeja Electric franchise areas such as Magodo and Ikeja GRA.