Dangote steps down as chairman of Dangote Sugar after 20 years

After two decades at the helm, Africa’s richest man, Aliko Dangote, has officially retired as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a transformational era for the company.

According to a statement released on Wednesday by the company’s secretary, Temitope Hassan, Dangote’s retirement will take effect from June 16, 2025.

Dangote assumed leadership of the company in 2005 and has since played a pivotal role in positioning Dangote Sugar as a dominant force in Nigeria’s sugar industry. Under his stewardship, the company experienced significant growth, launched major expansion projects, and championed stronger corporate governance practices.

“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.

The statement noted that under his leadership, the company implemented key Backward Integration Projects in Adamawa, Taraba and Nasarawa States to improve local sugar production and reduce import dependence.

The Board has appointed Independent Non-Executive Director, Arnold Ekpe, as the new chairman.

READ ALSO: Tinubu reveals ‘four wise men’ in Nigeria, calls Dangote the wisest

“Following a rigorous selection and transition process, the Board is pleased to announce the appointment
of Mr. Arnold Ekpe, Independent Non-Executive Director as the new Chairman of Dangote Sugar
Refinery Plc. effective 16th June 2025,” the statement added.

Ekpe is a seasoned banker and former group CEO of Ecobank, with extensive boardroom and leadership experience across sectors.

“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
exemplary service and unwavering commitment to excellence,” the statement concluded.