Aliko Dangote, Chairman of the Board of Dangote Sugar Refinery Plc, has announced his retirement after 20 years of leadership, effective June 16, 2025.

According to a statement released on Wednesday by Company Secretary Temitope Hassan, Dangote's departure marks the end of two decades at the helm of one of Nigeria's most significant sugar producers.

Legacy of Transformation and Growth

Since taking leadership in 2005, Dangote has been instrumental in transforming the company into a market leader in Nigeria's sugar industry. His tenure saw the implementation of significant expansion projects and strengthened corporate governance practices.

"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 of the Company, Alhaji Aliko Dangote, GCON, effective June 16, 2025," the statement read.

Under Dangote's leadership, the company launched major backward integration projects in Adamawa, Taraba, and Nasarawa States. These initiatives were strategically designed to boost local sugar production and reduce Nigeria's dependence on sugar imports, aligning with national self-sufficiency goals.

New Leadership Appointment

Following what the company described as a "rigorous selection and transition process," Arnold Ekpe, currently serving as an Independent Non-Executive Director, has been appointed as the new Chairman effective June 16, 2025.

Ekpe brings considerable experience to the role as a seasoned banker and former group CEO of Ecobank. He possesses extensive boardroom and leadership experience across various sectors, positioning him well to guide the company's next phase of development.

"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," the statement concluded.

This leadership transition comes at a critical time for Nigeria's sugar industry, which continues to face challenges in meeting domestic demand while pursuing self-sufficiency targets set by the federal government.

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