Official Statement
February 21, 2025, Addis Ababa, Ethiopia
As part of its ongoing commitment to transforming State-Owned Enterprises (SOEs) and driving operational excellence, Ethiopian Investment Holdings (EIH) has undertaken a leadership transition at Ethiopian Electric Utility (EEU). Ato Shiferaw Telila has been replaced, and Ato Getu Geremew has been appointed as the new Chief Executive Officer.
This decision reflects EIH’s unwavering dedication to ensuring that SOEs operate with greater efficiency, accountability, and service reliability. EEU plays a crucial role in Ethiopia’s infrastructure and socio-economic development, and this leadership change is a strategic step toward enhancing power supply stability, improving operational effectiveness, and reinforcing transparency within the organization.
Driven by the ambition to secure a zero-power disruption future for our nation, Ethiopian Investment Holdings (EIH) is committed to strengthen the EEU’s infrastructures and operational efficiency.
Going forward, EIH will continue to take bold and necessary actions to reform and strengthen its portfolio companies, ensuring they deliver measurable impact and long-term sustainability in alignment with Ethiopia’s national development goals.