BY Wasilat Azeez
Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Adeoye Fadeyibi as its new managing director/chief executive officer.
This is coming three months after AEDC workers embarked on an industrial action that led to a shutdown of the company’s power facilities across Abuja, Kogi, Nasarawa and Niger states.
The move led to a change of the Disco’s management by the shareholders and approved by the Nigerian Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE).
According to a statement issued by AEDC on Monday, Fadeyibi has over 20 years executive management experience.
He succeeds Akinwumi Bada, who served as interim MD since last year and “is now leaving the position to pursue other personal business aspirations”.
“Prior to joining AEDC, Fadeyibi was the Managing Director of Eko Electricity Distribution Company, (EKEDC) a Lagos based electricity utility company and is credited to have turned around the fortune of EKEDC by significantly reducing the company’s Aggregate, Technical, Commercial and Collection (ATC&C) losses, expanding its revenue base and delivering innovation in several aspects of the business,” the statement reads.
“He was also the pioneer Managing Director at Transcorp Power Ltd, Ughelli, Delta State where he ramped up the generating company’s performance from 164MW to 634MW in 25 months.
“He joined Transcorp Power from General Electric where he had held several strategic roles with oversight for the Middle East and Africa.
“A fellow of several professional bodies, Fadeyibi obtained his Bachelor’s degree in Mechanical Engineering from the State University of New York, SUNY Buffalo, New York, and the General Electric Power Systems University in Schenectady, New York, where he completed his training in turbine power systems and applied knowledge obtained towards developing the Global Turbines/Generator Field resources.”
AEDC also announced the appointment of Kassim Abdulahi Burkullu as its new chief technical officer (CTO), replacing Oluwafemi Zacchaeus who had served as the interim CTO.
Burkullu, an engineer and energy industry expert, is said to have over 25 years’ cognate experience spanning several sectors.
The new CTO joined AEDC from Kano Electricity Distribution Company (KEDCO) where he was head, corporate technical operations services.
According to the company, both appointments take immediate effect.
Speaking on the new appointments, Victor Osadolor, chairman of the board, AEDC, said: “We are very delighted that both Fadeyibi and Burkullu are joining our company and bringing with them exceptional abilities and invaluable industry expertise.
“They will effectively complement the components of the management team already in place.
“These appointments are necessary steps in positioning AEDC towards efficiency in customer service delivery and ensuring the effectiveness of turn-around embarked upon by the new management of the company.
“We are convinced that with a combined industry experience of over five decades, the new executives are very capable of meeting the yearnings of millions of our customers who seek seamless power services.”
Commenting on his appointment, Fadeyibi applauded the management of AEDC and the previous MD for the work done so far and for the confidence reposed in him to help achieve the organisation’s goals.
“I have studied the strategic focus of this business and with the full support of the board, we are sure to meet and even surpass our expectations for this great company,” he added.
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