Africa’s richest man, Aliko Dangote has stepped down as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a two-decade leadership that transformed the company into a dominant force in Nigeria’s sugar industry.
According to a corporate disclosure on Wednesday by the company’s Secretary, Temitope Hassan, Dangote’s retirement from the sugar company’s board takes effect from June 16, 2025.
Dangote has chaired the board since 2005, overseeing its significant growth and transformation, including major expansion projects and implementing best practices in corporate governance.
“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, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement said.
Under his leadership, the company launched key Backward Integration Projects (BIP) in Adamawa, Taraba, and Nasarawa States to boost local sugar production and reduce Nigeria’s reliance on imports.
Following a “rigorous selection and transition process,” the Board has appointed Mr. Arnold Ekpe, an Independent Non-Executive Director and former Group CEO of Ecobank, as the new chairman.
“We are pleased to announce the appointment of Mr. Arnold Ekpe as the new Chairman of Dangote Sugar Refinery Plc, effective June 16, 2025,” the statement added.
Ekpe brings decades of experience in banking and corporate governance, with a strong track record in leading multinational institutions across Africa.
The Board thanked Dangote for his exemplary leadership and unwavering commitment to the company’s vision.
“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 outstanding service,” the statement stated.
