Billionaire industrialist Aliko Dangote is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, bringing to a close 20 years of transformational leadership at one of Nigeria’s leading sugar producers.
His retirement will take effect on June 16, 2025, according to an official statement issued on Wednesday by the company’s secretary, Temitope Hassan.
“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, Alhaji Aliko Dangote (GCON),” the statement read.
Two Decades of Expansion and Influence
Since taking the reins in 2005, Dangote has overseen the company’s rise as a dominant force in Nigeria’s sugar industry, championing bold expansion strategies and improving corporate governance standards.
Under his stewardship, the company launched major Backward Integration Projects across Adamawa, Taraba, and Nasarawa States, aimed at boosting local sugar production and reducing Nigeria’s dependence on sugar imports.
His exit marks the end of an era but also signals a new chapter in the company’s history.
Arnold Ekpe Appointed as New Chairman
Following a structured selection and transition process, the Board has announced the appointment of Arnold Ekpe, an Independent Non-Executive Director, as the incoming chairman, effective the same day Dangote steps down.
Ekpe is a respected figure in the African financial services space and former Group CEO of Ecobank, bringing decades of leadership and boardroom experience spanning banking, corporate governance, and development finance.
“We welcome 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.
