The Board of Directors of Eko Electricity Distribution Company (EKEDC) has approved the appointment of Dr Tinuade Sanda, as the Deputy Managing Director of the company.
The company made the announcement in a statement issued by its General Manager, Corporate Communications, Mr Godwin Idemudia, on Monday in Lagos.
The statement said prior to her appointment, Sanda was the Chief Accounting Officer, a position she had occupied since 2013.
According to the statement, Sanda’s appointment is in line with the company’s strategies and procedures.
It said the board and the management were confident in her proficiency and capacity to assist in leading the company toward its vision of becoming the leading and customer-centric electricity distribution company in Africa.
The statement quoted the Board Chairman, EKEDC, Mr Oritsedere Otubu, as saying the DisCo was proud to appoint Sanda as its first female Deputy Chief Executive Officer (CEO).
“Her appointment has proven the resilience of our succession planning mechanisms and the value we place on our corporate governance practices, which underpin our philosophy of building and recognising home-grown talents,” the statement also quoted Otubu as saying.
It said Sanda was a senior executive with vast experience in financial reporting, treasury management, taxation, mergers and acquisitions, finance regulation, risk management and financial modeling.
The statement said: “Prior to joining EKEDC in 2013, she was the Head, Finance and Administration at Vanguard Energy Resources, a leading oil and gas trading services company.
“In 2001, she joined the banking sector at the Chartered Bank of Nigeria where she rose through the ranks before joining Access Bank, as the Head of Retail Risk Management till 2012 when she left the sector.
“She earned her bachelor’s degree in Financial Accounting from Obafemi Awolowo University, and Master’s Degree in Business Administration from the Heriot-Watt University in Edinburgh.
“She also attended Strategic Financial Analysis for Business Evaluation Programme at the Harvard Business School in 2015.
“She is a Fellow of the Institute of Chartered Accountants in Nigeria; Institute of Management Consultants, United States; and Institute of Professional Financial Managers, London.”
It said she was also an Associate Member of Risk Management Association of Nigeria; Financial Reporting Council of Nigeria; and the Institute of Directors, Nigeria.
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The statement added that in 2020, Sanda was awarded a Doctor of Philosophy in Financial Management and Entrepreneurship from the ICON University of Management Science and Technology, Benin Republic.
Reacting to her appointment, Sanda expressed her gratitude toward her new responsibility in the company.
She said: “I appreciate the board’s belief in my ability as I look forward to supporting the CEO in developing Eko DisCo further with the formidable workforce.
“We know our role in the electricity industry; hence, I am going to give my best to ensure EKEDC continues to deliver on its promise to our customers.
“We will enhance collaboration with stakeholders to bring about further growth and development in the Nigerian Electricity Supply Industry.”
(NAN)
