Aliko Dangote is set to step down as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of his 20-year tenure at the helm of the company. His retirement will take effect on June 16, 2025.
The announcement was made in a statement issued on Wednesday by the company secretary, Temitope Hassan. Dangote, who has led the company since 2005, is widely credited with transforming Dangote Sugar into a dominant force in Nigeria’s sugar industry. Under his leadership, the company executed major expansion projects and strengthened its corporate governance structures.
“In line with best practices in corporate governance and succession planning, Dangote Sugar Refinery Plc announces the retirement of our esteemed Board Chairman, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement read.
The company highlighted key achievements during his leadership, including the implementation of strategic Backward Integration Projects in Adamawa, Taraba, and Nasarawa States, which aimed at boosting local sugar production and reducing reliance on imports.
In the same statement, the Board announced the appointment of Mr. Arnold Ekpe, an Independent Non-Executive Director, as the new Chairman, effective June 16, 2025.
Ekpe is a veteran banker and former Group CEO of Ecobank, bringing a wealth of leadership and boardroom experience across various industries.
“We welcome Mr. Ekpe to his new role and look forward to this new chapter in our company’s growth,” the statement added. “We also extend our profound gratitude to Alhaji Aliko Dangote for his exceptional service, vision, and unwavering dedication over the past two decades.”
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