Dangote Cement has announced that Aliko Dangote, its major shareholder and founder, has stepped down as Chairman of the cement company.
In a statement released on Friday, Anthony Chiejina, Chief Corporate Communications Officer at Dangote Group, said that the businessman has given up the role to concentrate on Dangote Petroleum Refinery, the petrochemical plant, and fertiliser operations, in addition to government relations.
“Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025,”.
“He is relinquishing his position as chairman and retiring from the board so as to focus more attention on the Refinery, Petrochemicals, Fertiliser and Government Relations, in order to drive the company’s five-year business trajectory to a superlative height.” Chiejina said.
Chiejina also added that Emmanuel Ikazoboh, who serves as an independent non-executive director, has been appointed as the new chairman. Furthermore, the spokesperson revealed that Hajiya Mariya Aliko Dangote has joined the board, while Dorothy Ufot, an independent non-executive director, has stepped down from the board.
He remarked that the billionaire leaves behind a significant legacy upon his retirement from the board, noting that his vision and determination have transformed not only his company but also the entire cement sector, establishing Africa as the leading cement producer and the largest exporter of cement and clinker in Sub-Saharan Africa.
Chiejina highlighted that cement export quantities from Nigeria rose by 18.2 per cent over the six months, with 18 successful clinker shipments sent to Ghana and Cameroon.
“Aliko Dangote’s legacy will be counted in the millions of jobs created, the infrastructure built, and the confidence restored in African industrial potential,” the spokesperson added.
In his acceptance remarks, Ikazoboh expressed his gratitude for the role and committed to upholding the highest standards of leadership and dedication.
He also shared plans to lower costs by implementing effective cost-reduction strategies to tackle inflationary challenges and improve competitiveness during his term.
