Aliko Dangote, President and CEO of Dangote Group, is set to retire as Chairman of Dangote Sugar Refinery Plc, marking the end of two decades of leadership. His retirement will take effect on June 16, 2025, according to a statement issued by the company’s secretary, Temitope Hassan.
Dangote has served as chairman since 2005 and is credited with transforming the company into a dominant force in Nigeria’s sugar industry. Under his leadership, Dangote Sugar launched key Backward Integration Projects across Adamawa, Taraba, and Nasarawa States, aiming to boost local sugar production and reduce reliance on imports.
“In line with our commitment to good corporate governance and strategic succession planning, the Board announces the retirement of our esteemed Chairman, Alhaji Aliko Dangote (GCON),” the statement read.
The Board has appointed Mr. Arnold Ekpe, an Independent Non-Executive Director, as the new Chairman effective the same day. Ekpe, a former Group CEO of Ecobank, brings significant experience in corporate leadership and finance.
“We welcome Mr. Ekpe to his new role and express deep gratitude to Alhaji Dangote for his exemplary leadership and unwavering dedication to the company,” the company concluded.
