Aliko Dangote, Africa’s richest man and President/CEO of Dangote Industries Limited, has officially stepped down as Chairman of the Board of Directors of Dangote Cement Plc, the largest cement manufacturer in Sub-Saharan Africa.

In a statement released by the company, Mr. Emmanuel Ikazoboh, a seasoned corporate executive and independent non-executive director, has been appointed as the new Chairman. Ikazoboh brings over four decades of experience in leadership and corporate governance spanning Nigeria, Côte d’Ivoire, Cameroon, and South Africa.

“The Board expresses its profound gratitude to Alhaji Aliko Dangote for his visionary leadership and dedication over the years,” the company stated.

A Strategic Succession Plan

This move follows Dangote’s earlier decision in June 2025 to step down as Chairman of Dangote Sugar Refinery Plc, after more than 20 years in that role. At the time, the company said the decision aligned with best practices in corporate governance and succession planning.

Mr. Ikazoboh previously served as Group Chairman of Ecobank Transnational Inc., and held top leadership roles at Akintola Williams Deloitte, where he managed operations in West and Central Africa, including Cameroon and Côte d’Ivoire.

Focus on Governance and Leadership Renewal

Industry analysts say Dangote’s gradual withdrawal from board leadership roles across his conglomerate indicates a broader transition strategy focused on sustainability and governance.

“Dangote’s recent moves point to a well-thought-out realignment of his business empire, one that prioritizes succession planning and long-term institutional resilience,” said Tolu Ajayi, a financial analyst in Lagos.

As Africa’s most prominent industrialist, Aliko Dangote remains President/CEO of Dangote Industries Limited, where he continues to oversee flagship projects such as the $20 billion Dangote Refinery and other key infrastructure and manufacturing initiatives.