Aliko Dangote has stepped down as Chairman of the Board at Dangote Sugar Refinery Plc, marking the end of his two-decade leadership of the company.
His retirement will take effect on June 16, 2025, according to a statement released on Wednesday by the company’s secretary, Temitope Hassan.
Since assuming leadership in 2005, Dangote has played a key role in transforming Dangote Sugar into a dominant force in Nigeria’s sugar sector, overseeing its expansion and enhancing corporate governance practices.
“In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement read.
The company also highlighted his role in launching critical Backward Integration Projects across Adamawa, Taraba, and Nasarawa States, aimed at boosting domestic sugar production and minimizing reliance on imports.
To fill the leadership gap, the Board has appointed Arnold Ekpe, an Independent Non-Executive Director, as the new chairman.
“Following a rigorous selection and transition process, the Board is pleased to announce the appointment of Mr. Arnold Ekpe, Independent Non-Executive Director as the new Chairman of Dangote Sugar Refinery Plc. effective 16th June 2025,” the statement added.
Ekpe, a former Group CEO of Ecobank, brings significant experience in banking and corporate leadership to his new role.
“We welcome Mr. Ekpe to his new role and look forward to the next chapter in our Company’s journey under his leadership.
We also express our deep appreciation to Alhaji Aliko Dangote for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.
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