Aliko Dangote has announced his retirement as Chairman of the Board of Dangote Sugar Refinery Plc, marking the conclusion of his two-decade-long leadership of the company.
His retirement will take effect on June 16, 2025, according to a statement issued on Wednesday by the company’s secretary, Temitope Hassan.
Since assuming leadership in 2005, Dangote has been credited with transforming Dangote Sugar into a market leader in Nigeria’s sugar industry. He oversaw significant expansion projects and championed strong corporate governance practices.
“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 highlighted that under Dangote’s leadership, the company successfully implemented Backward Integration Projects in Adamawa, Taraba, and Nasarawa States to enhance local sugar production and reduce reliance on imports.
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, a seasoned banker and former group CEO of Ecobank, brings extensive boardroom and leadership expertise across various 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.