Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company has appointed Mrs. Folake Soetan as its Acting Chief Executive Officer, effective March 2nd, 2020.
Soetan is taking over from Dr. Anthony Youdeowei, who has been the CEO for four years. The outgoing CEO led the transformation initiatives witnessed by the company, which resulted in one of the most aggressive loss reduction recorded in the sector.
In her previous role as the Chief Operating Officer of the company, she led a team that introduced several initiatives that engendered the improvement of the quality of power supply in the Ikeja franchise areas.
Soetan was also in charge of the team that broke the jinx of irregular power supply when she delivered the Bilateral Power initiative. The concept for the first time in Nigeria made some residents 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 role, having held senior leadership positions in the Aviation, Oil & Gas and Power sectors over the last two decades.
She holds 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.
A focused and result-oriented professional, Soetan will lead the next phase of growth and ensure Ikeja Electric remains a “customer first, technology now” organization, through reliable power supply, improved customer service, and tech-driven innovative products and services.