Nigerian business magnate Aliko Dangote has officially announced his retirement as Chairman of Dangote Sugar Refinery Plc, bringing an end to two decades of leadership at the company. His retirement takes effect on Monday, June 16, 2025.
The news was confirmed in a statement issued on Wednesday, highlighting the company’s commitment to good corporate governance and strategic succession planning.
“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 company stated.
Taking over from Dangote is Arnold Ekpe, an Independent Non-Executive Director and seasoned financial executive. Ekpe, who previously served as Group CEO of Ecobank, will assume the role of Chairman on the same date.
“Following a rigorous selection and transition process, the Board is 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.
The company expressed gratitude for Dangote’s leadership and welcomed Ekpe to his new role.
“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.”
