After 20 years of leading the company, Aliko Dangote has stepped down as Chairman of the Board of Dangote Sugar Refinery Plc.
Temitope Hassan, the secretary of the company, signed a statement on Wednesday stating that his retirement will begin on June 16, 2025.
Dangote, who has been in charge since 2005, is recognized for having strengthened corporate governance,
managed significant expansion projects, and guided the Sugar factory into a market leader in Nigeria’s sugar industry.
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“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.
According to the statement, the company undertook important Backward Integration Projects in Adamawa, Taraba, and Nasarawa States under his direction
in order to boost domestic sugar production and lessen reliance on imports.
Meet Arnold Ekpe, The New Chairman Of Dangote Sugar
Furthermore 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 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
for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.
Now you understand why Dangote is the richest man in Africa?
The man understands the rigors of business, and with this move,
we are sure that the sugar factory will continue to make huge profits for the Dangote Dynasty