Aliko Dangote Retires After 20 Years As Chairman Of Dangote Sugar Refinery
…….Arnold Ekpe takes over
Billionaire entrepreneur Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc after 20 years on the saddle.
A statement signed by Dangote Sugar Refinery’s Company Secretary, Temitope Hassan, said Dangote’s retirement will be with effect from June 16, 2025.
He will be replaced by Arnold Ekpe, an Independent Non-Executive Director, as the company’s new Chairman.
The development ends a 20-year tenure that shaped the company’s growth and market leadership.
A founding director of Dangote Sugar Refinery, Dangote has played 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 that throughout his tenure, the company executed major backwards integration projects in Adamawa, Taraba, and Nasarawa States, aimed at strengthening its supply chain and boosting domestic sugar production.
The statement further highlighted 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.”
Dangote’s replacement, Arnold Ekpe, is a renowned banking executive, and brings extensive leadership experience to the role, having previously held senior positions in the financial sector and other key industries.
His deep understanding of corporate governance, strategic vision, and commitment to stakeholder value positions him strongly to lead the company into its next phase of growth, the statement said.
Ekpe is expected to build upon the company’s successes, further solidifying its market position and long-term sustainability.
As the company undergoes this leadership transition, industry analysts will be watching closely to see how Ekpe steers Dangote Sugar Refinery in an evolving economic and regulatory landscape.
