Folake Soetan Confirmed CEO Ikeja Electric

Women are rightfully getting well deserved recognition for the immense contribution towards world development and we can’t help but truly applaud.

The Ikeja Electric Plc, Nigeria’s largest electricity distribution company (Disco), has confirmed the appointment of Mrs. Folake Soetan as Chief Executive Officer following a track record of brilliant performance. The top executive became acting CEO effective from March 2, 2020, her appointment was recently confirmed.

She takes over from Dr. Anthony Youdeowei, who has been the CEO of the Ikeja Disco for the last four years.

Youdeowei is commended for having spearheaded some key transformative initiatives for Ikeja Electric transformation initiatives, which resulted in one of the most aggressive loss reduction recorded in the sector.

Soetan prior to becoming acting CEO was Chief Operating Officer of company. According to Ikeja Disco, 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.

“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.” The company added.


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