The Board of Directors of Dangote Sugar Refinery Plc has announced the appointment of Mrs. Yemisi Ayeni as an Independent Non-Executive Director, effective March 20, 2025.
Mrs. Ayeni is a seasoned finance professional with extensive leadership experience in corporate governance and financial management. She graduated with honours in Economics from the University of Manchester, UK, in 1985, and became a Chartered Accountant in 1989. She is also a Fellow of the Institute of Chartered Accountants in England and Wales.
A Distinguished Career in Finance and Governance
Mrs. Ayeni began her career at Price Waterhouse (now PwC) London in 1985. After returning to Nigeria in 1991, she worked with PwC Lagos before joining Shell Nigeria in 1994. Over 21 years, she held multiple leadership positions, becoming the first Nigerian woman to be appointed to the Board of a Shell Company in Nigeria when she became Finance Director of Shell Nigeria Exploration & Production Co. Ltd (SNEPCo) in 2004.
She later served as the Managing Director of Shell Nigeria Closed Pension Fund Administrator Limited (2005–2015) and played a significant role in Nigeria’s pension sector reforms. She also held key positions, including:
- Vice-Chair of the Pension Fund Operators Association of Nigeria
- Council Member of the Nigerian Stock Exchange (now NGX Group Plc)
- Chair of NGX’s Demutualization and Technical Committees
Current Roles and Board Contributions
Mrs. Ayeni currently serves as:
- Non-Executive Director, Stanbic IBTC Pension Managers Ltd
- Independent Non-Executive Director, Guinness Nigeria Plc
- Chairperson, NASCON Allied Industries Plc
- Vice-Chairperson, Board of Trustees, Queen’s College Old Girls’ Association
Her appointment at Dangote Sugar Refinery Plc increases the female representation on the Board to over 40%, further strengthening its commitment to diversity and governance excellence.
The Board expressed confidence in Mrs. Ayeni’s strategic insights and governance expertise, noting that her presence will provide objective oversight and guidance to protect shareholders’ interests.
Her appointment is subject to ratification at the company’s next Annual General Meeting (AGM).
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