Dangote Sugar Refinery Plc (DSR) has announced that its Chairman and founding Director, Alhaji Aliko Dangote, will retire from the Board effective June 16, 2025. The company disclosed this development in a statement submitted to the Nigerian Exchange Limited (NGX), citing adherence to principles of good corporate governance and succession planning.
Alhaji Dangote, who has led the company since its inception in 2005, was lauded for his exceptional leadership, integrity, and strategic vision. Under his stewardship, DSR underwent significant transformation, weathered industry challenges, and consistently delivered value to shareholders.
The company highlighted his role in driving the extensive Backward Integration Projects across Adamawa, Taraba, and Nasarawa States, which have become central to the refinery’s long-term growth strategy. Dangote also played a key role in shaping the company’s culture and governance framework.
In line with its succession plan, the Board announced the appointment of Mr. Arnold Ekpe as the new Chairman, effective the same day as Dangote’s retirement. Ekpe, an independent non-executive director, brings a wealth of experience from the banking and corporate sectors.
“Mr. Ekpe’s strategic insight, deep knowledge of corporate governance, and commitment to stakeholder value position him well to lead the board as we continue our pursuit of sustainable growth,” the statement said.
The transition marks a significant milestone in DSR’s leadership history, as it looks ahead to a new chapter guided by continuity and strategic oversight.
