Billionaire industrialist Aliko Dangote is set to retire as Chairman of Dangote Sugar Refinery Plc after two decades of steering the company’s growth and market dominance. His exit will take effect on June 16, 2025, according to a statement released by the company’s secretary, Temitope Hassan.
Dangote, a founding director of the refinery, has been central to its evolution into one of Nigeria’s leading sugar producers. Under his leadership, the company expanded operations, strengthened shareholder value, and reinforced corporate governance standards.
Legacy of Transformational Leadership
In announcing his retirement, the company noted:
“In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc announces the retirement of our esteemed Chairman of the Board of Directors, Alhaji Aliko Dangote (GCON), effective June 16, 2025.”
During his tenure, Dangote led key Backward Integration Projects in Adamawa, Taraba, and Nasarawa States, which significantly boosted domestic sugar production and reduced dependence on imports.
The statement praised his impact, highlighting that he helped shape the company’s long-term strategy and culture, laying a strong foundation for sustained growth.
Arnold Ekpe Appointed as New Chairman
Following a strategic transition process, the Board has appointed Arnold Ekpe, an Independent Non-Executive Director, to succeed Dangote as Chairman, effective the same day.
Ekpe is a seasoned executive with decades of experience in the banking and financial sectors, including top leadership roles at major African institutions. His track record in corporate governance and strategic development positions him to guide the company through its next phase of evolution.
A New Chapter for Dangote Sugar Refinery
Dangote’s retirement marks the end of a landmark era for the company. Under his leadership, Dangote Sugar grew into an industry leader and a key player in Nigeria’s industrial landscape.
As Arnold Ekpe takes the helm, expectations are high for continued innovation, operational excellence, and strategic growth in a changing economic environment.
The transition signals not just a change in leadership, but the beginning of a new chapter aimed at sustaining the company’s market strength and long-term impact in the sugar sector.
