Dangote Sugar Refinery Plc has announced the planned retirement of its Board Chairman, Alhaji Aliko Dangote, effective June 16, 2025, marking the end of an era after nearly two decades of transformational leadership.
In a statement issued on Wednesday, the Company Secretary, Temitope Hassan, commended Dangote’s leadership since 2005, describing his tenure as one defined by “exceptional leadership, integrity, and vision.” She noted that under his stewardship, the company navigated major industry shifts and sustained long-term value creation for shareholders.
“Under his leadership, Dangote Sugar Refinery Plc. transformed, navigated significant industry developments, delivered consistent shareholder value, and maintained a strong focus on good governance and long-term growth evidenced by its extensive Backward Integration Projects in Adamawa, Taraba, and Nasarawa State,” Hassan stated.
She further emphasized Dangote’s instrumental role in setting the strategic direction of the company and fostering a resilient and value-driven corporate culture.
“He also played an instrumental role in shaping the Company’s strategy and culture thereby building a robust foundation for growth and sustenance,” she said.
Following Dangote’s exit, the board has approved the appointment of Mr. Arnold Ekpe, an independent non-executive director, as the new Chairman, also effective June 16, 2025.
“Mr. Ekpe brings with him a wealth of experience, having held senior leadership roles in the banking sector and other key industries,” Hassan explained. “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 board expressed deep appreciation for Dangote’s years of dedicated service 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,” she added.
In a related development, Hassan also announced the retirement of two other board members Maryam Bashir and Professor Konyinsola Ajayi, SAN effective the same date, June 16, 2025.
“Both Directors will retire from the Board effective 16th June, 2025 having diligently served the Company with integrity, professionalism, and commitment to the growth of the Company and its corporate governance throughout their tenure,” she stated.
Highlighting their individual contributions, Hassan described Maryam Bashir as a high achiever with deep expertise in finance and investment strategy. She noted Bashir’s former role as Chairperson of the Board Risk Management & Assurance Committee and her vital role in advancing the company’s Backward Integration Projects.
She also praised Professor Ajayi for his distinguished service as Chairman of the Board Governance Committee, noting his respected legal expertise and impactful guidance during major corporate transactions.
The board extended its sincere gratitude to both retiring directors for their dedicated service and wished them continued success in their future endeavours.
