Dangote Sugar Appoints Ravindra Singhvi as MD/CEO

Dangote Sugar Refinery Plc has promoted its present Ag. Managing Director, Mr. Ravindra Singhvi to substantive Group Managing Director and Chief Executive Officer of Dangote Sugar Refinery Plc.

In the statement to the Nigerian Stock Exchange, the company said the Board of Directors approved the Unaudited Financial Statement for the Quarter Ended September 30, 2020 and also approved Mr. Singhvi’s appointment.

It said the unaudited results will be filed at the Nigerian Stock Exchange before the end of the extension period granted by the Exchange. However, it noted that the close period remains in force until at least 24 hours after the filing of the results.

On the appointment of Mr. Ravindra Singhvi, the company said he “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 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 endeavors.“