Aliko Dangote Steps Down As Dangote Sugar Chairman After Two Decades

Aliko Dangote is set to step down as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a 20-year leadership tenure at the helm of the company.

According to a statement released on Wednesday by the company’s secretary, Temitope Hassan, Dangote’s retirement will take effect on June 16, 2025.

Having led the company since 2005, Dangote is widely recognized for transforming Dangote Sugar into a dominant force in Nigeria’s sugar industry, driving major expansion efforts and strengthening corporate governance frameworks.

“In line with sound corporate governance practices and succession planning, Dangote Sugar Refinery Plc announces the retirement of our esteemed Board Chairman, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement read.

During his tenure, the company embarked on critical Backward Integration Projects across Adamawa, Taraba, and Nasarawa States, aimed at boosting local sugar production and minimizing reliance on imports.

The Board has named Arnold Ekpe, an Independent Non-Executive Director, as the incoming chairman.

“Following a thorough selection and transition process, the Board is pleased to confirm the appointment of Mr. Arnold Ekpe as Chairman of Dangote Sugar Refinery Plc, effective June 16, 2025,” the statement continued.

Ekpe, a veteran banker and former Group CEO of Ecobank, brings a wealth of experience in leadership and boardroom management across multiple sectors.

“We extend a warm welcome to Mr. Ekpe in his new role and look forward to the continued growth of our company under his guidance. We also sincerely thank Alhaji Aliko Dangote for his visionary leadership and dedicated service over the years,” the statement concluded.