The Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Adeoye Fadeyibi, as its new Managing Director/Chief Executive Officer.
According to a statement, Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Akinwumi Bada, who served as the company’s Interim Managing Director since last year, and is now leaving to pursue other personal business aspirations.
Prior to joining AEDC, Fadeyibi was Managing Director at the Eko Electricity Distribution Company (EKEDC), a Lagos-based electricity utility company.
He is credited to have turned around the fortunes 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.
He was also the pioneer Managing Director at Transcorp Power Ltd., Ughelli, Delta State, where he ramped up the generating company’s performance from 164 megawatts (MW) 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.
He completed his training in turbine power systems and applied knowledge obtained towards developing the Global Turbines/Generator Field resources at the General Electric Power Systems University in Schenectady, New York,.
Similarly, 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 Chief Technical Officer.
Burkullu, a seasoned engineer and energy industry expert, brings over 25 years’ cognate experience spanning several sectors.
He joined AEDC from Kano Electricity Distribution Company (KEDCO), where he was Head, Corporate Technical Operations Services.
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.
The AEDC Board Chairman, Victor Osadolor, who spoke on the new appointments, 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 component 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 was quoted: “I must commend the management of AEDC and the previous MD for the work done so far and for the confidence reposed in me to help achieve the goals of this great organisation.
“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.”
The appointments are with immediate effect.