Ag. Chief Executive Officer
Ikeja Electric Plc
Folake Soetan is the Acting Chief Executive Officer of Ikeja Electric Plc, the largest privately run distribution company in Sub-Saharan Africa. Folake oversees the ongoing transformation at Ikeja Electric which has earned the company the remarkable recognition of the ISO9001 & OHSAS18001 certification. Folake joined Ikeja Electric as Deputy Chief Commercial Officer. She was immediately tasked with creating strategies and initiatives to reduce commercial and collection losses, and improving customer service delivery. Within a year, she was made Chief Commercial Officer of Ikeja Electric, ushering in one of the most amazing turnarounds the industry has seen from a commercial point of view. In 2019, Folake was promoted to the position of Chief Operating Officer with the goal of transforming key commercial and technical operations in the organization. Folake was a Sales Account Manager for British Airways, before moving on to Virgin Nigeria, where she was the Head of Sales and helped expand Virgin Nigeria’s revenue within just two years of operation. After Virgin Nigeria, she joined SO Aviation, Lagos (a Sahara Group company) in 2009 where she later became the Vice President Downstream, West Africa. She has over 20 years of professional experience in the management of startups, sales & marketing, change management, and over 13 years in leadership roles. Her experience spans the aviation, oil & gas and power sectors. She honed her skills in Halliburton, British Airways, Virgin Nigeria and Sahara Group. Folake is a graduate of Banking and Finance from the University of Lagos. She is also an alumna of Harvard Business School where she acquired certification in Advanced Management. She has over the last 20 years of her career, garnered several certifications in various professional courses.