Dangote Sugar Refineries appoints Mariya Aliko Dangote as new Executive Director

NIGERIA – The Board of Dangote Sugar Refineries, a leading sugar producer in Nigeria, has approved the appointment of Mariya Aliko Dangote as the company’s Executive Director, effective July 28, 2023.

“The Board of Directors of Dangote Sugar Refinery Plc (the Company) wishes to announce the appointment of Mariya Aliko Dangote as an Executive Director on the Board of the Company, the announcement read.

“Her appointment was approved by the Board at its Meeting held on July 28, 2023, effective the same day and subject to the ratification of the Members of the Company at its next General Meeting.”

Currently, Mariya oversees the Business and Strategic activities and the Backward Integration Projects of the Company and is responsible for the implementation of the digitization and mechanization of key operational activities in the Company and its Subsidiaries.

She holds an LL.B and BL, and an MBA from Coventry University, United Kingdom. Mariya is also currently attending the Cambridge Senior Management Program and has attended various courses on Business Strategy, Advanced Management, Alternative Dispute Resolution, Sugar Processing, and Productivity Optimization.

Prior to joining the Company in 2019, she served as a Business Strategy & Corporate Risk Specialist in the Holding Company, Dangote Industries Limited.

“Her appointment was approved by the Board at its Meeting held on July 28, 2023, effective the same day and subject to the ratification of the Members of the Company at its next General Meeting.”

The company describes her as a Project Leader with extensive experience and proven expertise in Business Strategy, Planning & Implementation, Digitization & Mechanization of Backward Integration Projects, and Mergers & Acquisitions amongst others.

The executive change is timely to the plans of the conglomerate to merge the sugar refinery with NASCON Allied Industries Plc, the salt-making and Dangote Rice, the group’s rice business, to create a single juggernaut in Africa’s largest economy.

Dangote Sugar Refinery Plc recently hit a revenue milestone of 400 billion naira (US$875 million) in the full year 2022, a 48% growth compared to 276 billion naira (US$599 million) in the previous year.

For the First Half of 2023, the miller saw a revenue rise from N185 45 billion (US$6.82bn) to N202.78 billion. However, profits were heavily impacted by the foreign exchange losses.

The company’s total assets grew during the same period, increasing from N492.43 billion (US$0.64 bn) at the beginning of the year to N565.98 billion (US$0.74 bn).

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Further Reading:

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