Chief Executive Officer at an Investment Holding Company

PriceWaterhouseCoopers (PwC) – Our client, an investment holding company with a controlling interest in a Nigerian Electricity Distribution Company, is recruiting to fill the position below:

Job Title: Chief Executive Officer (CEO)
Reference Number: 130-PEO00715
Location: Lagos
Department: People & Change Nigeria
Job type: Permanent

Job Summary

• The CEO will be responsible for overseeing the development and efficient implementation of the Corporate Strategy through effective leadership

Key Accountabilities
Strategic Implementation:

• Oversee the development and efficient implementation of strategies that:
  • Drive significant revenue growth and improved profitability of the company’s flagship distribution company via increases in power supply, reduction in commercial losses, optimisation of power distribution, customer acquisition, improved utilisation of staff and assets, territorial expansion, tariff strategy, noncore revenue growth and/or other means
  • Grow the company’s capabilities, revenues and profit as a service provider to the power industry
  • Identify and vet new investment opportunities for the company to potentially expand its portfolio

Leadership & Communication:

• Interact closely with management of the company’s flagship distribution company, Board Members of both the company and its distribution company, as well as company staff
• Represent the company at meetings with lenders, government officials, investors, service providers, development financial institutions, original equipment manufacturers, customers, potential target companies, tax officials, the company’s offshore company secretary, etc.
• Prepare and present critical corporate performance updates (financial, strategic, development, legal, etc.) to relevant company stakeholders at each Board meeting and/or via the circulation of reports via electronic mail on at least a monthly basis
• In conjunction with the CFO, ensure the generation of quality timely reports on the financial performance of the company and its subsidiaries on at least a monthly basis, including achievement of or failure to achieve targets for revenue growth, loss reduction, etc.
• In conjunction with the Company Secretary, ensure the generation of timely reports on the corporate governance situation of the company and its subsidiaries, including compliance gaps on tax, regulatory, legal, or other filings
• Act as the centre of information for group communication, corresponding with staff and Directors of the company and its subsidiaries, and the company’s offshore company secretary
• Working with other company staff, take responsibility to ensure timely and accurate filing of audited financial statements, tax documents, regulatory reports, etc. in Nigeria and other countries of company’s operations
• Attend board meetings of the company’s flagship distribution company (and future subsidiaries) as an observer for the purpose of:
  • Ensuring the implementation of all Board decisions and major activities of the flagship distribution company, many of which may be material and require communication back to the company stakeholders
  • Monitoring the performance of the flagship distribution company (and future subsidiaries), with an eye to meeting or exceeding revenue and profitability targets and the successful implementation of key corporate initiatives
  • Ensuring that relevant company Board decisions that impact the flagship distribution company are communicated clearly to the distribution company’s Board of Directors and Management team

Requirements

• Minimum of a first degree in any discipline and MBA or Masters in a related discipline
• Minimum of 20 years cumulative work experience, at least 10 years of which must be in managerial position(s)
• Experience within the electricity/power industry – in particular, experience with electricity distribution
• Strong financial experience, especially with servicing of loans, corporate treasury management, foreign exchange, procuring financing and/or closing acquisitions, etc.
• Previous experience in a business transformation exercise, e.g. privatization, corporate restructuring, etc. is preferable

Deadline: 21st June, 2017.

How to Apply

Click here to apply online