Aliko Dangote retires as Chairman of Dangote Sugar Refinery after two decades.
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After 20 years that influenced the company’s expansion and market dominance, billionaire businessman Aliko Dangote has formally departed as Chairman of the Board of Directors of Dangote Sugar Refinery Plc.
Dangote Sugar Refinery confirmed in a statement signed by Temitope Hassan, the company secretary, that Dangote’s retirement will take effect on June 16, 2025.
Dangote, a founding director of Dangote Sugar Refinery, has been instrumental in the growth of the business by guaranteeing consistent shareholder value, establishing its corporate governance structure, and navigating significant market trends.
Two Decades of Leadership Transformation
“In accordance 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 company said in a statement acknowledging his enormous contribution.
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During his tenure, the business carried out significant backward integration projects in Adamawa, Taraba, and Nasarawa States to improve domestic sugar output and fortify its supply chain.
“He also played an instrumental role in shaping the Company’s strategy and culture, thereby building a robust foundation for growth and sustenance,” the statement added, underscoring his leadership effect.
Ekpe, Arnold Selected as the New Chairman
The Board of Dangote Sugar Refinery Plc has named Arnold Ekpe, an Independent Non-Executive Director, as the company’s new Chairman with effect from June 16, 2025, following a rigorous selection and transition process.
Having held significant roles in the financial industry and other important sectors, Ekpe, a well-known banking executive, brings a wealth of leadership experience to the job.
He is well-positioned to guide the business into its next stage of expansion because to his thorough knowledge of corporate governance, strategic vision, and dedication to stakeholder value.
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Dangote Sugar Refinery Enters a New Era
With Dangote’s retirement, a revolutionary period that saw Dangote Sugar Refinery Plc become a significant force in Nigeria’s sugar sector comes to an end.
It is anticipated that Arnold Ekpe, his successor, will build on the company’s achievements to strengthen its position in the market and ensure its long-term viability.
Industry watchers will be keenly monitoring the company’s leadership transfer to observe how Ekpe manages Dangote Sugar Refinery in a changing regulatory and economic environment.
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