By Ayomide Otitoju
Africa’s richest man and billionaire industrialist, Alhaji Aliko Dangote, is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a two-decade leadership that significantly shaped the company’s trajectory.
According to a statement issued by the company and signed by its Company Secretary, Temitope Hassan, Dangote’s retirement will take effect on 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 read.
As a founding director, Dangote was instrumental in driving the company’s expansion and solidifying its leadership in Nigeria’s sugar industry. Under his tenure, the company initiated major backward integration projects across Adamawa, Taraba, and Nasarawa States, enhancing domestic production and strengthening supply chains.
“He also played an instrumental role in shaping the company’s strategy and culture, thereby building a robust foundation for growth and sustenance,” the statement added.
Following a rigorous succession planning process, the board has appointed Mr. Arnold Ekpe, an Independent Non-Executive Director, as the incoming Chairman. Ekpe’s appointment will take effect on the same date as Dangote’s retirement.
Ekpe, a seasoned financial executive, is widely known for his leadership in the banking sector, having held senior roles in several major institutions. The company expressed confidence in his ability to lead Dangote Sugar into a new phase of sustainable growth.
“His deep understanding of corporate governance, strategic vision, and commitment to stakeholder value positions him strongly to lead the company into its next phase,” the company said.
Industry watchers will be closely monitoring the transition, as the company navigates a changing economic and regulatory environment under new leadership.
