Aliko Dangote
Veteran executive Emmanuel Ikazoboh takes over as board chairman, marking a new era for Nigeria’s leading cement giant.
In a significant leadership transition, Africa’s richest man and renowned industrialist, Aliko Dangote, has officially retired as Chairman of the Board of Directors of Dangote Cement Plc. His departure signals the end of a remarkable chapter in Nigeria’s corporate history.
The company confirmed the development on Friday through a senior official, who spoke on condition of anonymity. The official also disclosed that Emmanuel Ikazoboh, a seasoned executive with over four decades of experience in corporate governance and management across Africa, has been appointed to succeed Mr. Dangote as Chairman.
Mr. Ikazoboh previously served as an Independent Non-Executive Director on the Dangote Cement board. He brings to his new role an impressive résumé, having held senior positions in Nigeria, Côte d’Ivoire, Cameroon, and South Africa. He began his career with Akintola Williams Deloitte and was formerly the Group Chairman of Ecobank Transnational Inc., a major Pan-African banking institution.
Before 2009, Ikazoboh managed Deloitte’s operations in Cameroon and Côte d’Ivoire, eventually becoming the Managing Partner of the firm across West and Central Africa.
Mr. Dangote’s decision to step down aligns with the company’s ongoing commitment to good corporate governance and strategic succession planning. Just last month, he also retired as Chairman of the Board of Dangote Sugar Refinery Plc, concluding two decades of leadership at the sugar manufacturing company.
Industry analysts view these moves as part of a broader succession strategy within Dangote Industries Limited, aimed at ensuring stability and continuity across its business units.
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