11th June 2025 Lagos, Nigeria MATERIAL DISCLOSURE BY DANGOTE SUGAR REFINERY PLC - ANNOUNCEMENT OF THE RETIREMENT OF THE CHAIRMAN, BOARD OF DIRECTORS & APPOINTMENT OF A SUCCESSOR
In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc. (the Company) hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON) effective 16th June, 2025.
Alhaji Aliko Dangote is one of the founding Directors of the Company, and has 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. He also played an instrumental role in shaping the Company's strategy and culture thereby building a robust foundation for growth and sustenance.
Following a rigorous selection and transition process, the Board is pleased to announce the appointment of Mr. Arnold Ekpe, Independent Non-Executive Director as the new Chairman of Dangote Sugar Refinery Plc. effective 16th June 2025.
Mr. Ekpe brings with him a wealth of experience, having held senior leadership roles in the banking sector and other key industries. 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.
BY THE ORDER OF THE BOARD
Mrs. Temitope Hassan (FCIS.) Company Secretary/Legal Adviser