The chairman of the Board of Dangote Sugar Refinery Plc, Aliko Dangote, has announced his retirement, bringing an end to a 20-year leadership of the company.
In a statement released by Company Secretary Temitope Hassan on Wednesday, it was stated that his retirement will take effect from June 16, 2025.
Since assuming leadership in 2005, Dangote has been recognised as a key figure in transforming Dangote Sugar into a market leader in Nigeria’s sugar industry, overseeing significant 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 also noted that during his tenure, the company launched major backward integration projects in Adamawa, Taraba, and Nasarawa States, aimed at boosting local sugar production and reducing dependence on imports.
According to the board, Arnold Ekpe, Independent Non-Executive Director, has been appointed 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, with extensive boardroom and leadership experience across sectors. 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.
