Aliko Dangote to Retire as Chairman of Dangote Sugar Refinery Plc after Two-Decade Tenure

Aliko Dangote is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of his nearly two-decade leadership of the company. Dangote has led the company since 2005, transforming Dangote Sugar into a market leader in Nigeria's sugar industry through major expansion projects and championing strong corporate governance practices. His retirement will be effective June 16, 2025, and the Board has appointed Arnold Ekpe, a former Group CEO of Ecobank, as the new Chairman of Dangote Sugar Refinery Plc, effective the same date. The transition marks a new chapter for the company under Ekpe's leadership, while Dangote's legacy as a visionary leader is acknowledged by the Board.

Key Takeaways:

  • Aliko Dangote will retire as Chairman of Dangote Sugar Refinery Plc on June 16, 2025, ending a nearly two-decade tenure.
  • During his leadership, Dangote oversaw major expansion projects and championed strong corporate governance practices, transforming Dangote Sugar into a market leader in Nigeria's sugar industry.
  • Under Dangote's stewardship, the company successfully executed key Backward Integration Projects in Adamawa, Taraba, and Nasarawa States to boost local sugar production.
  • Arnold Ekpe, a former Group CEO of Ecobank, has been appointed as the new Chairman of Dangote Sugar Refinery Plc, effective June 16, 2025.
  • Dangote's legacy as a visionary leader is acknowledged by the Board, and he is thanked for his years of exemplary service and commitment to excellence.
  • The Board expressed confidence in Ekpe's ability to lead the company into a new era.