Aliko Dangote, the Chairman of Dangote Sugar Refinery Plc (DSR), is set to retire from the Board of the company effective June 16, 2025.
This development was disclosed in a corporate filing submitted to the Nigerian Exchange Limited, where the company stated that the decision aligns with its commitment to sound corporate governance and a structured succession plan.
“Alhaji Aliko Dangote is one of the founding Directors of the Company, and has served with exceptional leadership, integrity, and vision since 2005,” the disclosure read.
The company acknowledged Dangote’s leadership as pivotal to its transformation over the years, citing his role in steering the company through industry changes, delivering consistent shareholder value, and upholding strong governance practices.
“Under his leadership, Dangote Sugar Refinery transformed, navigated significant industry developments, delivered consistent shareholders value, and maintained a strong focus on good governance. His long-term growth is evident by its extensive Backward Integration Projects in Adamawa, Taraba and Nasarawa states,” the statement continued.
The outgoing chairman was also credited with significantly influencing the company’s strategic direction and organisational culture, setting a solid foundation for future growth.
“He also played an instrumental role in shaping the company’s strategy and culture, thereby building a robust foundation for growth and sustenance,” the statement added.
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To ensure a smooth leadership transition, the Board has announced the appointment of Mr. Arnold Ekpe, an independent non-executive director, as the new Chairman, effective the same day Dangote steps down.
Ekpe brings vast experience across various sectors, particularly in banking, where he held several senior executive roles. His appointment is seen as a move to consolidate the company’s growth trajectory and maintain its strategic direction.
“His strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value make him well-positioned to lead the board as we continue to build on our strong foundations and pursue sustainable growth,” the company said.
