Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16, ending a 20-year tenure at the top of one of Nigeria’s largest sugar producers.

The announcement was made in a statement by the company’s secretary, Temitope Hassan, who described the move as part of a broader succession strategy and a commitment to sound corporate governance.

“This decision reflects our commitment to long-term planning and strong corporate governance,” the statement read.

Dangote, who has chaired the board since 2005, played a pivotal role in transforming the company into a market leader. Under his stewardship, Dangote Sugar expanded its operations significantly and spearheaded Backward Integration Projects in Adamawa, Taraba, and Nasarawa States—key efforts aimed at reducing Nigeria’s dependence on imported sugar.

The Board of Directors has named Arnold Ekpe, an Independent Non-Executive Director and former Group CEO of Ecobank, as Dangote’s successor. Ekpe will assume the role of Chairman on the same day Dangote steps down.

“Following a thorough selection process, the Board is pleased to appoint Mr. Arnold Ekpe as the new Chairman of the Company,” the statement continued. “We warmly welcome Mr. Ekpe to his new role and look forward to a new chapter under his guidance.”

Widely respected in the banking and corporate sectors, Ekpe brings decades of experience in leadership and governance.

The company also expressed its deep appreciation to Dangote for his visionary leadership and unwavering commitment over the years.

As Dangote Sugar moves into a new era, the company remains focused on its mission to boost local production and support Nigeria’s journey toward self-sufficiency in sugar manufacturing.