In a major strategic move aimed at further consolidating its transformation journey, the Board of Directors at Ibadan Electricity Distribution Company (IBEDC) yesterday announced pivotal changes in its leadership and direction.
According to the utility’s Board, following the expiration of the tenure of contract of its managing director Kingsley Achife, an engineer, a new replacement, Francis Agoha, will now take over the helm of leadership.
Agoha, who has been an integral part of the executive team as Chief Technical Officer, assumes the role in Acting capacity.
“Engineer Agoha brings over 20 years of experience in the power sector. His strategic acumen positions him aptly to spearhead our company’s trajectory forward. He will collaborate closely with the Board to ensure continuity and drive our strategic imperatives,” a statement signed by the I EDC management read.
Concurrently, as part of IBEDC’s strategic plan to successfully transition to new investors while ensuring a focus on improving customer satisfaction (supply availability and reliability), commercial and technical growth (improved ATC&C), the Board alao appointed Adeoye Fadeyibi, an engineer, as an “Expert Consultant Adviser” to the Board.
Fadeyibi, the statement said, will collaborate with the Board and the Acting Managing Director to spearhead initiatives aimed at reducing commercial and technical losses within the Company.
“ His expertise and leadership will be pivotal in advancing the company’s goals and enhancing operational efficiency while working closely with the Board and relevant stakeholders in delivering the transition timeline mandate,” the statement further explained.
These strategic appointments, IBEDC further noted, signals its resolve to accelerate growth, enhance performance, and navigate a successful transition with a committed focus.
