Idowu Jegede,
Chief Financial Officer

Mr. Jegede hails from the Bronx, New York where he attended The Bronx High School of Science, one of New York City’s three specialized high schools for math and science and one of the nation’s top public high schools.
While at Bronx Science, Mr. Jegede not only excelled in academics, but also lettered in varsity basketball and was a journalist for the school newspaper. When he graduated he received a Regents-endorsed diploma, the highest endorsement granted by the State of New York.

Upon graduation from Bronx Science, Mr. Jegede attended The University of Michigan in Ann Arbor, Michigan where he earned a Bachelor of Science Degree in Industrial and Operations Engineering.

He has worked in numerous capacities within the private and public sector including manufacturing, public utilities, and temporary staffing. His former roles have included facilities design, contract procurement, financial reporting, accounting, and financial modeling.

In 1993, Mr. Jegede began his professional career with Consumers Energy Company, then Michigan’s largest gas and electric utility company. As an Associate Engineer, Mr. Jegede was charged with managing the purchasing function of all regional utility construction-related services and materials. In this capacity, he also led the Accounts Payable department for the Southern Region. Mr. Jegede was recognized for his efforts in developing a corporate-wide database which consolidated data on all construction projects, allowing senior level executives the ability to access critical information for emergency and planning purposes.

Mr. Jegede later went on to earn his Master of Business Administration degree with an emphasis in Finance from The University of Michigan, as well as his Engineer in Training (E.I.T) certification. He subsequently moved to Kelly Services, Inc. where as Senior Process Engineer, he served as an internal consultant to Kelly Services branches nationwide, providing sales support including sales trending and forecasting, management reporting, and budgeting. Mr. Jegede also provided Kelly’s external clients with strategic planning, financial modeling and process redesign consulting. Within a short period he was recognized by senior management for his successful business case for a major $3 million dollar information technology investment.

Consumers Energy soon asked Mr. Jegede to return as a Senior Financial Analyst. He developed complex financial models to evaluate corporate strategic investment in information technology, real estate and fleet initiatives. Mr. Jegede maintained oversight of a $25 million budget. He developed the annual operating expense budget and provided monthly variance analysis and other financial reporting packages to senior management.

As Chief Financial Officer, Mr. Jegede currently works closely with the PEC Administrative team to ensure that all PEC students have the resources necessary to succeed academically, socially, and emotionally. Mr. Jegede plays the lead role in advising the Chief Administrative Officer on the school’s management of its financial resources.

Mr. Jegede and his wife have been married for nearly 10 years and have a daughter and son. He is very active in his church, Christian Tabernacle, where he serves as a leader in the Security Ministry and a member of the Christian Outreach Ministry.

His memberships include Phi Beta Sigma Fraternity, Inc., American Association of Blacks in Energy (AABE), and The National Black MBA Association.


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