Dangote retires as Dangote Sugar Refinery Chairman after 20 years; Arnold Ekpe takes helm

Abdullateef Fowewe

The Africa’s richest man and founding chairman of Dangote Sugar Refinery Plc, Aliko Dangote, has retired from his position effective June 16, 2025, ending a two-decade tenure that transformed the company into Nigeria’s leading sugar producer.

The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary, Temitope Hassan.

Hassan praised Dangote’s leadership, saying, “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 States.”

Dangote’s tenure was marked by strategic expansion and a commitment to reducing Nigeria’s sugar import dependence through local production initiatives. 

Hassan added, “He played an instrumental role in shaping the Company’s strategy and culture, thereby building a robust foundation for growth and sustenance.”

Following a rigorous selection process, the board appointed Arnold Ekpe, an independent non-executive director and former Group CEO of Ecobank, as the new chairman. 

The company welcomed Ekpe’s appointment, highlighting his “wealth of experience, strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value.”

The statement concluded with appreciation for Dangote’s service, “We also express our deep appreciation to Alhaji Aliko Dangote for his years of exemplary service and unwavering commitment to excellence.”