Aliko Dangote Steps Down as Chairman of Dangote Cement

Africa’s wealthiest businessman, Aliko Dangote, has officially stepped down as Chairman of the Board of Directors of Dangote Cement Plc, marking the end of an era for the continent’s largest cement producer. The announcement, made in a company statement on Friday, confirmed that the billionaire industrialist’s retirement became effective on July 25, 2025.

According to company spokesperson Anthony Chiejina, the decision to relinquish his position was part of a strategic move to allow Dangote to dedicate more attention to other pivotal ventures.

“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 stated.

Under Dangote’s leadership, Dangote Cement evolved into a pan-African powerhouse, with operations spanning multiple countries and a reputation for quality, innovation, and resilience. His next chapter will be centered on steering his multibillion-dollar refinery and industrial projects, which are poised to reshape Nigeria’s economic landscape and reduce its dependency on imports.

In the wake of his departure, the Board has appointed Emmanuel Ikazoboh, an independent non-executive director, as the new Chairman of the Board. Ikazoboh, a seasoned corporate leader, expressed both pride and resolve in his new role.

“I am truly honored to accept the role of Chairman of Dangote Cement Plc. This company is a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence,” he said.

Ikazoboh outlined a bold vision for his tenure, emphasizing sustainable growth, operational efficiency, and innovation. “We will continue to focus on the following key priorities: operational excellence, strategic expansion, sustainability, innovation, and community engagement.”

The company also announced additional board changes, with Mariya Aliko Dangote appointed as a new board member, while Prof. Dorothy Ufot officially retired from her position.

As Dangote Cement enters a new era of leadership, industry watchers and stakeholders will be closely following the strategic direction under Ikazoboh’s chairmanship, while Aliko Dangote doubles down on his transformative infrastructure projects—particularly the Dangote Refinery, which is seen as a game-changer for Africa’s energy independence.

Be the first to know. Tap to join us on Telegram.