Dangote retires as Dangote Sugar chairman after 20 years
Dangote retires as Dangote Sugar chairman after 20 years
Aliko Dangote has announced his retirement as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of two decades of leadership at the company.
According to a statement signed by the company secretary, Temitope Hassan, his retirement will take effect from June 16, 2025.
Dangote, who has been at the helm of leadership since 2005, is credited with steering Dangote Sugar into a market leader in Nigeria’s sugar industry, overseeing major expansion projects and strengthening corporate governance.
“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 statement noted that under his leadership, the company implemented key Backward Integration Projects in Adamawa, Taraba and Nasarawa States to improve local sugar production and reduce import dependence.
The Board has appointed Independent Non-Executive Director, Arnold Ekpe, 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 is a seasoned banker and former Group CEO of Ecobank, bringing a wealth of boardroom and leadership experience across various sectors.
“We are pleased to welcome Mr. Ekpe to his new role and look forward to the next phase of our company’s growth under his leadership. We also extend our heartfelt gratitude to Alhaji Aliko Dangote for his decades of outstanding service and steadfast dedication to excellence,” the statement concluded.
