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Aliko Dangote Retires as Chairman of Dangote Sugar After 2 Decades of Leadership

Posted by Gistsnaija. on 12 June, 2025 | under News
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Africa’s richest man, Aliko Dangote, has officially announced his retirement as Chairman of the Board of Dangote Sugar Refinery Plc, bringing to a close 20 impactful years at the helm of one of Nigeria’s leading sugar companies.

The announcement was made in a statement released by the company’s secretary, Temitope Hassan, who confirmed that the retirement will take effect from June 16, 2025.

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Dangote’s tenure, which began in 2005, saw the company grow into a major force in Nigeria’s sugar industry.

He played a pivotal role in driving key expansion projects and championing backward integration initiatives across Adamawa, Taraba, and Nasarawa States to boost local sugar production.

Under his leadership, Dangote Sugar strengthened its market position while also enhancing corporate governance practices and long-term sustainability goals.

Following a well-planned transition process, the board has appointed Arnold Ekpe, an Independent Non-Executive Director and former Group CEO of Ecobank, as the new Chairman, effective the same date.

The board praised Ekpe’s vast leadership and boardroom experience and expressed confidence in his ability to steer the company into its next phase of growth.

They also extended heartfelt gratitude to Aliko Dangote for his outstanding contributions and unwavering dedication to the company over the last two decades.