…as banking expert Arnold Ekpe takes over leadership
Billionaire industrialist Aliko Dangote has officially announced his retirement as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, bringing to a close two decades of transformative leadership that shaped the company’s rise as a market leader.
The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, confirming that the retirement will take effect on June 16, 2025.
A founding director of the company, Dangote played a central role in driving its growth, ensuring steady shareholder value, strengthening corporate governance, and navigating major industry milestones.
“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 company stated.
Under his leadership, the company embarked on major Backward Integration Projects in Adamawa, Taraba, and Nasarawa States, aimed at fortifying its supply chain and increasing local sugar production.
“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 comprehensive selection and succession process, the Board has appointed Arnold Ekpe, an Independent Non-Executive Director, as the new Chairman effective the same date.
Ekpe, a respected banking executive, brings a wealth of leadership experience to the role, having held senior positions in the financial services industry and other sectors.
His deep expertise in corporate governance, strategic planning, and stakeholder engagement is expected to guide the company into a new era of innovation and competitiveness.
Dangote’s retirement marks the end of a landmark chapter for the company, during which Dangote Sugar Refinery Plc grew into a dominant force in Nigeria’s sugar industry.
With Arnold Ekpe at the helm, the company is poised to build on its legacy and further strengthen its market leadership and long-term sustainability.
As this leadership transition unfolds, stakeholders and industry watchers alike will be observing how the company evolves under Ekpe’s guidance amid shifting economic and regulatory dynamics.
