Mr Femi Otedola joined the board of Geregu Power Plc as Chairman of the Board of Directors in November 2013.
Prior to this, he was the Chairman of the Board of Directors of Forte Oil Plc from May 2007 to June 2019. His vision transformed Forte Oil Plc into one of the highest-performing companies on the Nigerian Stock Exchange. The Company grew in leaps and bounds to become a model of the possibilities inherent in Nigeria, winning numerous accolades in recognition of the successful business turnaround, prompt Financial Reporting, strong Corporate Governance and investment of choice within the Oil and Gas Industry and the Nigerian Stock Exchange.
In 2019, with a firm belief in the power reforms of the Federal Government and overall vision "to be the foremost integrated energy solutions provider in Nigeria" he made a very strategic decision to sell his majority stake in Forte Oil Plc and invest in developing the power industry in Nigeria through the acquisition of a majority stake in the 435MW Geregu Power Plant, via an investment vehicle called Amperion Power Distribution Company Limited.