Aliko Dangote Steps Down As Chair Of Dangote Sugar

Africa’s richest man, Aliko Dangote has stepped down as Chairman of the Board of Dangote Sugar Refinery Plc, marking the tip of a two-decade management that reworked the corporate right into a dominant power in Nigeria’s sugar business.

In keeping with a company disclosure on Wednesday by the corporate’s Secretary, Temitope Hassan, Dangote’s retirement from the sugar firm’s board takes impact from June 16, 2025.

Dangote has chaired the board since 2005, overseeing its important development and transformation, together with main growth tasks and implementing greatest practices in company governance.

“In step with the ideas of fine company governance and succession planning, Dangote Sugar Refinery Plc hereby pronounces the retirement of our esteemed Chairman of the Board of Administrators, Alhaji Aliko Dangote (GCON), efficient June 16, 2025,” the assertion stated.

Beneath his management, the corporate launched key Backward Integration Initiatives (BIP) in Adamawa, Taraba, and Nasarawa States to spice up native sugar manufacturing and cut back Nigeria’s reliance on imports.

Following a “rigorous choice and transition course of,” the Board has appointed Mr. Arnold Ekpe, an Impartial Non-Govt Director and former Group CEO of Ecobank, as the brand new chairman.

“We’re happy to announce the appointment of Mr. Arnold Ekpe as the brand new Chairman of Dangote Sugar Refinery Plc, efficient June 16, 2025,” the assertion added.

Ekpe brings many years of expertise in banking and company governance, with a powerful monitor report in main multinational establishments throughout Africa.

The Board thanked Dangote for his exemplary management and unwavering dedication to the corporate’s imaginative and prescient.

“We welcome Mr. Ekpe to his new position and stay up for the subsequent chapter in our firm’s journey underneath his management. We additionally specific our deep appreciation to Alhaji Aliko Dangote for his years of excellent service,” the assertion said.