Dangote Sugar CEO resigns, Thabo Mabe to take over

Dangote Sugar Refinery Plc has announced the resignation of Ravindra Singhvi, its group managing director and chief executive officer, effective November 30.

The company announced in a notice issued in compliance with the Nigerian Exchange Limited (NGX) rules on Tuesday.

Singhvi, who joined the board on May 22, 2020, was credited for making “significant contributions to the company, including overseeing major investment projects, delivering consistent revenue growth, building a strong Management team, leading digital transformative initiatives and enhancing the Company’s brand, amongst others”. 

The board expressed gratitude for his service, leadership and contributions to the company’s growth during his tenure.

The company also announced the appointment of Thabo Mabe as the incoming group managing director and CEO, effective December 1.

According to the notice, the appointment is “subject to the ratification of the Company’s shareholders at its next general meeting”.

Dangote Sugar said Mabe, a South African national, holds a BSc in chemistry and mathematics from Fort Hare University.

According to the company, he began his career at Unilever as a graduate trainee, and held several roles across manufacturing, production, sales and supply chain before rising to vice president, supply chain for Unilever HPC in 2004.

Following the consolidation of Unilever’s HPC and foods divisions, he became vice president, homecare, and in 2010 was appointed CEO of Unilever Nigeria Plc, where he expanded market share and improved production efficiency.

Also, the sugar producer said Mabe joined the Dangote Group in 2014 as MD and CEO of Dangote Flour Mills Plc, “where he successfully transformed the company from a declining business into a highly profitable enterprise”.

After the Group divested from the flour business in 2019, Dangote Sugar said he was appointed managing director of Dangote Rice Limited.

He later assumed the role of managing director of NASCON Allied Industries Plc in 2022, according to the company, before this new appointment.

The company said he brings with him a “wealth of international experience spanning South Africa, Germany, and Nigeria, and continues to make significant contributions to the Dangote Group’s food businesses”.

Dangote Sugar added that his appointment aligns with its succession plan and commitment to ensuring continuity and creating long-term value for stakeholders.

Also, the board welcomed Mabe to his new role, saying that they “look forward to the next chapter in our Company’s journey under his leadership”.

The board also expressed appreciation to Singhvi and wished him well in his future endeavours.