By Audrey Lotechukwu
SAT, 31 OCT, 2020-theGBJournal-Dangote Sugar Refinery Plc. has confirmed the appointment of Mr. Ravindra Singhvi, a chartered accountant, as its substantive Managing Director/CEO effective October 30, 2020, the outcome of the Board of Directors Meeting of the Company held today, Friday October 30, 2020.
The Board said in its note to the Nigerian Stock Exchange (NSE) and the investing public that ‘’it 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.’’
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 background in Company Secretarial Practice, Corporate Governance and Management, and holds a Bachelor’s Degree in B.Com (Hons) and Law 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 Limited, Chennai, India, one of top three sugar producing companies in India.
Dangote Sugar commemorated its successful merger with Savannah Sugar Company Limited, one of its Sugar Backward Integration Project subsidiary on October 7, 2020. It also successfully listed its shares on the NSE with a closing Gong Ceremony same day.
Dangote Sugar refinery is the largest sugar refinery in sub-Saharan Africa with an installed refining capacity of 1.4MT/PA at the same location.
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