Dangote Sugar Refinery Plc (DSR) has announced the retirement of its Chairman and founding Director, Aliko Dangote, effective June 16, 2025.

The announcement was made via a corporate disclosure to the Nigerian Exchange Ltd., citing the move as part of the company’s ongoing commitment to good corporate governance and succession planning.

“Alhaji Aliko Dangote has served with exceptional leadership, integrity, and vision since 2005,” the statement read.

During his tenure, DSR achieved major milestones, including:

Transforming into one of Africa’s leading sugar producers

Consistently delivering value to shareholders

Launching major Backward Integration Projects across Adamawa, Taraba, and Nasarawa states

His leadership played a pivotal role in shaping DSR’s strategy, governance culture, and long-term growth trajectory.

Arnold Ekpe Appointed as New Board Chairman

To ensure a smooth leadership transition, the Board has appointed Mr. Arnold Ekpe, currently an Independent Non-Executive Director, as the incoming Chairman, effective the same day.

Ekpe brings extensive leadership experience from his distinguished career in the banking and corporate sectors, including previous roles as CEO of Ecobank Group and UBA.

“His strategic insight, deep understanding of corporate governance, and commitment to stakeholder value make him ideally suited to lead DSR into its next chapter,” the company noted.