₦airaland Forum

Dangote Sugar Refinery Plc has announced the retirement of Aliko Dangote as chairman of its board of directors, effective June 16.

In a statement on Wednesday, Temitope Hassan, the company secretary, said Dangote, one of the founding directors, had served with “exceptional leadership, integrity, and vision” since 2005.

“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 State,” Hassan said.

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

Following Dangote’s retirement, she said the board has appointed Arnold Ekpe, an independent non-executive director, as the new chairman, effective June 16.

“Mr. Ekpe brings with him a wealth of experience, having held senior leadership roles in the banking sector and other key industries,” she said.

“His strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value make him well-positioned to lead the Board as we continue to build on our strong foundations and pursue sustainable growth.

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.”

MARYAM BASHIR, KONYINSOLA AJAYI TO STEP DOWN AS BOARD DIRECTORS

In another statement, Hassan said the board has also notified the Nigerian Exchange Limited (NGX) and the investing public of the retirement of Maryam Bashir and Konyinsola Ajayi from the board, effective June 16.

“Both Directors will retire from the Board effective 16th June, 2025 having diligently served the Company with integrity, professionalism, and commitment to the growth of the Company and its corporate governance throughout their tenure,” the company secretary said.

Ms. Maryam Bashir is a strong achiever with broad experience in finance and investments with particular focus on strategy, business development and bottom-line enhancement.

“She was for a period the Chairperson of the Board Risk Management & Assurance Committee and the Board’s representative on the Statutory Audit Committee and has contributed immensely to the expansion of the Backward Integration Projects.

“Prof. Konyinsola Ajayi, SAN is a legal luminary and trusted Advisor in the fields of Energy & Natural Resources, Infrastructure & Power, Banking & Capital Markets, Privatization, Project Finance, Litigation and Arbitration. He was for a period the Chairman of the Board Governance Committee and has over the years provided guidance to the Board on major transactions.”

Hassan added that the board expressed sincere appreciation to both directors for their contributions to the company’s growth and wished them success in their future endeavours.

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

aminauiade:
https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over/

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

Mabuggi88:
You are right.....Not wealth crazy children

adolfHitler1934:
Just like one in Aso Villa called Seyi.


Bbbbbbbbbbbnnnnnnnnn
This nonsense Seun started is going to ruin Nairaland. So I can't make comment unless it is from 40 characters. I can't say my Bala Blu again peacefully.

Haydens:
Simple hack:

Copy someones already comment and paste then come back and make your comment.

aminauiade:
https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over/

adolfHitler1934:
Nop. I'll rather type trash like this..
Bbbbmmmmmmmmmmnmmasgggggggghhjkdddhhjsksk

Then come back and edit it

Emeskhalifa:
When you say retire does that mean he's sold the company or what? Make me to understand

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.