Aliko Dangote will step down as Chairman of the Board of Dangote Sugar Refinery Plc effective June 16, the company announced on Wednesday.
According to a statement signed by company secretary Temitope Hassan, the billionaire industrialist and founding director is retiring after nearly two decades of steering the company with “exceptional leadership, integrity, and vision.”
Dangote, who has led the company since 2005, oversaw its transformation into one of Nigeria’s leading sugar producers, championed key industry reforms, and delivered consistent value to shareholders. His tenure was also marked by major Backward Integration Projects across Adamawa, Taraba, and Nasarawa states.
In his place, the board has appointed Arnold Ekpe, an independent non-executive director, as the new chairman, also effective June 16.
Ekpe, a veteran of the banking industry, brings vast experience in corporate leadership and governance. The company described him as a strategic thinker committed to stakeholder value and sustainable growth.
“We welcome Mr. Ekpe to his new role and look forward to the next chapter in our company’s journey under his leadership,” the statement read, while expressing “deep appreciation” to Dangote for his years of dedicated service.
