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Dangote Cement has announced the retirement of its founder and majority shareholder, Aliko Dangote, from his role as Chairman of the Board.
The company’s Group Chief, Branding and Communications Officer, Anthony Chiejina, confirmed the development in a statement issued on Friday.
According to Chiejina, Dangote stepped down from the position to devote more attention to the Dangote Petroleum Refinery.
Following his retirement, the Board appointed Emmanuel Ikazoboh, an independent non-executive director, as the new chairman.
In other news, President Bola Tinubu has described Dangote Refinery as a massive investment and point of reference.
The president made this statement on Thursday when he visited the Refinery in Lagos.
In a statement by the State House, Tinubu thanked Dangote for the initiative, describing it as a great point of reference.
The president, during the visit, also commissioned the access road to the Lekki Deep Sea Port and applauded Dangote Industries Limited and the contractor for the “quality” work.
He also expressed happiness for initiating the Deep Sea Port when he was the Governor of Lagos State, stressing that it is a huge success today.
According to him, users save vast amounts of money using the port because they no longer need to trans-ship their goods.
“I commend the quality of the access road done by Messrs Dangote Industries Limited on our Tax Credit Road programme and the subcontractor, Messrs Hitech Construction Company Limited,” he added.
