By Abiola Olawale
Aliko Dangote, Africa’s richest man and business magnate, has announced his retirement as Chairman of Dangote Sugar Refinery Plc.
This marks the end of a 20-year time at the firm where he transformed the company into a leading player in Nigeria’s sugar industry.
This was contained in a statement signed by the company’s secretary, Temitope Hassan. According to the statement, Dangote’s retirement will take effect from June 16, 2025.
“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 reads in part.
The statement also revealed that 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 Dangote for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.
