Connect with us
Access bank


Dangote Sugar appoints new Acting Managing Director

The board of Dangote Sugar Refinery Plc has announced the appointment of Ravindra Singh Singhvi as its Acting Managing Director.



Dangote Sugar Refinery

Earlier today, the board of directors of Dangote Sugar Refinery Plc informed the Nigerian Stock Exchange of the appointment of its Acting Managing Director.

According to a statement signed by the Company Secretary/Legal Adviser and issued to the NSE website, it was announced that Mr. Ravindra Singh Singhvi, Dangote Sugar’s immediate past Chief Operating Officer, is now the company’s Acting Managing Director.

The decision was taken by the company’s board during the company’s meeting on Tuesday 18th June 2019. The appointment took effect on that day.

Ravindra Singh Singhvi

About the Acting Managing Director: Ravindra Singh Singhvi has over 37 years experience in manufacturing, particularly in sugar production, textile products, cement, and petrochemical industries in India.

Before joining Dangote Sugar Refinery Plc, he was the Managing Director/CEO of NSL Sugar Limited Hyderabad, India, and Managing Director E.I.D Parry Limited, Chennai India.

Equally, he was the president Indo Rama Synthetics India Limited, Birla Group and Executive Director at S Kumar Nationwide Limited among others. He was the national chairman of Power Committee of Indian Sugar Manufacturers Association.

He has helped companies enhance performance optimally and financially. Similarly, Singhvi has helped companies raise loans for projects and working capital from local as well as international banks, particularly in India.

He has dealt at the level of Central Ministers, Chief Ministers, Principal Secretaries & various govt bodies to draft new policies, laws, etc.

Mr Singhvi oversaw the signing of the Power Purchase Agreement of 550 MW with the Govt of Karnataka State for various sugar companies. He was the Chairman of the Committee for Sugar Association for drafting of the new Sugar Cane Act in the State of Karnataka for fixation of Sugar Cane Price.

He is a chartered accountant with competence in Company Secretary and General Management. He holds a CA from The Institute of Chartered Accountants of India (ICAI) and a CS from the Institute of Company Secretaries of India (ICSI)

READ MORE: Dangote says Nigeria loses 300,000 MT of sugar to smuggling every year

Ronald Adamolekun is a creative writer with proficiency in journalism, financial reporting, financial analysis and imaginative writing. However, his core competency lies in fiction and short story writing as well as feature writing. He is a graduate of English and Literature from Covenant University, Ota, Nigeria.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.



Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’


Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

Continue Reading


Guinness announces retirement of Chairman, appoints former Minister as replacement

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.



Guinness Nigeria Plc has announced the appointment of Dr. Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021.

This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021.

The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing public, and other stakeholders on May 4, 2021, and signed by the Company Secretary, Rotimi Odusola.

READ: Guinness, Int’l Brew, Nigerian Breweries spend N65.5 billion on key acquisitions in 2020

Johnson, who has over 30 years of experience from both the private and public sectors of the Nigerian economy, was a former Minister of Communications Technology and a former Country Managing Director in Accenture.

While commenting on her appointment, Johnson who has been serving on the board of Guinness, said, “Guinness Nigeria is an excellent company with tremendous value creation opportunities, and I believe the refreshed board and management team remain committed to maximizing shareholder value.”

In his letter addressing the board in compliance with the applicable corporate governance regulation, Savage expressed his pleasure at the opportunity to have been a part of the Guinness story over the last four decades.

He thanked the board of Guinness Nigeria and Diageo UK for the opportunity to have served in several capacities, first as an employee who held various strategic senior roles, then as an Executive Director, and later as Chairman of the board, a role that he held for almost 12 years.

READ: Guinness Nigeria’s market value surged by N23.8 billion in March 2021

He said, “After almost 40 amazing years, my journey with Guinness Nigeria is coming to an end. Guinness Nigeria is and will always be family to me.”

Continue Reading


Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.