Dangote Sugar Refinery Plc. wishes to notify the Exchange and the investing public that at the Board of Directors Meeting of the Company held today, Friday, October 30, 2020, the Board approved the appointment of the current Ag. Managing Director, Mr Ravindra Singhvi as substantive Group Managing Director/Chief Executive Officer of Dangote Sugar Refinery Plc. effective October 30, 2020.
Appointment of Substantive Managing Director/CEO (Brief Profile):
Mr. Ravindra Singhvi joined the Company as the Chief Operating Officer in August 2018 and was elevated to the position of Executive Director/Ag. Managing Director in May 2020. He has over 39 years of proven experience in leadership positions in Manufacturing and Processes in Sugar, Petrochemicals, Cement, Textiles products industries in India.
He is a Chartered Accountant with a background in Company Secretarial Practice, Corporate Governance and Management, and holds a Bachelor’s Degree in B.Com (Hons) and Law (I) from the University of Jodhpur, India. Prior to joining Dangote Sugar Refinery Plc, Mr. Singhvi was the Managing Director & CEO of NSL Sugar Limited, Hyderabad, India, Managing Director, EID Parry (1) Limited, Chennai, India, one of top three sugar-producing companies in India.
The Board is confident that he is a great asset to the Company particularly at this time the Company is on a rapid growth trajectory in view of its recent acquisition and it’s several Backward Integration Projects (BIP) to position itself for further job creation in local plantations and factories, import substitution and deeper contribution to national economic development.
Mr. Ravindra Singhvi is very well-deserving of the elevation as substantive Managing Director/CEO and is wished the very best in his endeavours.