Dangote Cement names new chairman as Aliko Dangote steps down

Aliko Dangote, the prominent Nigerian industrialist and President & CEO of Dangote Industries Limited, has officially stepped down as the chairman of Dangote Cement’s board of directors.

A senior company source, who requested anonymity, confirmed the development on Friday evening.

The source also revealed that Emmanuel Ikazoboh has been appointed as Mr Dangote’s successor on the board.

Mr Ikazoboh previously served as an independent non-executive director. With over four decades of leadership experience across Nigeria, Côte d’Ivoire, Cameroon, and South Africa, he brings a wealth of expertise to his new role.

He began his professional journey at Akintola Williams Deloitte and went on to become Group Chairman of Ecobank Transnational Inc., the Pan-African banking group.

Before 2009, Mr Ikazoboh served as the Managing Partner for Deloitte’s francophone offices in Côte d’Ivoire and Cameroon, later overseeing operations in West and Central Africa as Managing Partner.

This leadership change at Dangote Cement follows Mr Dangote’s retirement in June as chairman of Dangote Sugar Refinery Plc, marking the end of two decades at the helm of that company.

At the time, the company described the move as being “in line with the principles of good corporate governance and succession planning.”

(PREMIUM TIMES)