Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, he has brought to an end his 20 years tenure that shaped the company’s growth and market leadership.
The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, affirming that Dangote’s retirement becomes effective on June 16, 2025.
A founding director of Dangote Sugar Refinery, Dangote has played a pivotal role in the company’s expansion, ensuring steady shareholder value, solidifying its corporate governance framework, and navigating key industry developments.
The company’s statement acknowledged his immense contribution, stating, “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.”
Throughout his tenure, the company executed major Backward Integration Projects in Adamawa, Taraba, and Nasarawa States, with the sole aim of strengthening its supply chain and boosting domestic sugar production.
The statement further emphasized his leadership impact, stating, “He also played an instrumental role in shaping the Company’s strategy and culture, thereby building a robust foundation for growth and sustenance.”
The Board of Dangote Sugar Refinery Plc has appointed Arnold Ekpe after taking thorough selective and transition processes, he has been appointed an Independent Non-Executive Director, the company’s new Chairman effective June 16, 2025.
Ekpe, a renowned banking executive, brings extensive leadership experience to the role, he has previously held senior positions in the financial sector and other key industries.
Aliko Dangote era was a transformational era, during which Dangote Sugar Refinery Plc established itself as a major player in Nigeria’s sugar industry.
It is expected of his successor, Arnold Ekpe to build upon the already attained company’s successes, further strengthening its market position and long-term sustainability.