Dangote Sugar Refinery Plc has announced the retirement of Aliko Dangote as chairman of its board of directors, effective June 16, 2025.
In a statement on Wednesday, Company Secretary Temitope Hassan said Dangote, a founding director, had led the company with “exceptional leadership, integrity, and vision” since 2005.
“Under his leadership, Dangote Sugar Refinery Plc transformed significantly, consistently delivered value to shareholders, and upheld strong governance standards. His focus on long-term growth was reflected in the company’s expansive Backward Integration Projects across Adamawa, Taraba, and Nasarawa States,” she said.
“He was instrumental in shaping the company’s strategy and culture, laying a solid foundation for continued growth.”
Following his retirement, Arnold Ekpe, an independent non-executive director, has been appointed as the new board chairman, effective the same day.
“Mr. Ekpe brings a wealth of experience from leadership roles across the banking sector and other industries. His strategic insight, firm grasp of corporate governance, and dedication to stakeholder value position him well to steer the board forward,” Hassan added.
The company expressed its gratitude to Alhaji Aliko Dangote for his years of dedicated service and leadership.
Maryam Bashir, Konyinsola Ajayi to Exit Board
In a separate statement, Hassan also announced the retirement of two board members—Maryam Bashir and Konyinsola Ajayi (SAN)—effective June 16.
“Both directors have served the company with integrity, professionalism, and commitment to corporate governance and growth,” she said.
Bashir, described as a high achiever with deep expertise in finance and investment strategy, previously chaired the Board Risk Management & Assurance Committee and served on the Statutory Audit Committee. She contributed significantly to the company’s Backward Integration Projects.
Ajayi, a Senior Advocate of Nigeria and prominent legal expert in areas including energy, infrastructure, banking, and project finance, served as Chairman of the Board Governance Committee. He played a key advisory role in major transactions.
The board extended its appreciation to both directors and wished them success in their future endeavours.
