Chairman of Dangote Sugar Refinery PLC, Aliko Dangote, will retire from the Board effective June 16, 2025, after two decades of leadership.
The decision, according to the company, aligned with principles of good corporate governance and succession planning.
The company’s secretary, Temitope Hassan, who announced this in a statement on Wednesday, said Dangote’s retirement marked the end of an era that redefined Nigeria’s sugar industry.
Dangote Sugar Refinery PLC praised Dangote’s exceptional leadership, saying, “Alhaji Aliko Dangote is one of the founding Directors of the Company, and has served with exceptional leadership, integrity, and vision since 2005.”
Under his leadership, the company transformed, navigated significant industry developments, and delivered consistent shareholder value.
To ensure continuity, the board appointed Mr. Arnold Ekpe, currently an independent non-executive director, as the incoming Chairman, effective June 16.
“His strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value make him well-positioned to lead the board,” the company stated.
Ekpe brings extensive experience from senior leadership roles in the banking sector and other key industries.
His appointment is expected to drive sustainable growth and build on the company’s strong foundations.
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