Saturday, September 21, 2019
Add this page to Blinklist Add this page to Del.icoi.us Add this page to Digg Add this page to Facebook Add this page to Furl Add this page to Google Add this page to Ma.Gnolia Add this page to Newsvine Add this page to Reddit Add this page to StumbleUpon Add this page to Technorati Add this page to Yahoo


ideas have consequences

You are here:Home>>Strategic Research & Analysis>> Graham Clark appointed GMD for Dangote Sugar
Monday, 22 July 2013 05:16

Graham Clark appointed GMD for Dangote Sugar

Written by Administrator
Graham Clark Graham Clark Photo: Malawi voice

(DANGSUGAR:NL 12.22 NGN 0.23 1.85%)   Dangote Sugar Refinery (DSR) Board of Directors has appointed a new Group Managing Director, Mr. Graham Clark.

 

Clark who served as the  Managing Director of Illovo Sugar Ltd, before he resigned from the African company has made his mark in sugar manufacturing and marketing in Africa. Illovo Sugar Ltd, with active  operations in six African countries is the largest sugar producer in Africa headquartered in Malawi.

 

Clark in totality has been a successful manager during his tenure with  Illovo Sugar Ltd. But also he has his low point especially during the shortage of sugar and subsequent higher price in Malawi local market. Sugar was imported from Zambia to stabilize price and eased shortage.

 

When he departed from  Illovo Sugar Ltg, Bloomberg News reported that "Clark leaves the company as a global surplus of the sweetener cuts prices, with raw-sugar futures falling 18 percent this year. Prices are now below the cost of output for most producers, according to Illovo. While local prices in South Africa and Tanzania are under pressure because of low-cost imports, Illovo is able to offset this with premiums in markets such as Zambia."

 

Aliko Dangote, Chairman of Sugar Refinery (DSR) said , “Clark brings the experience and expertise to meet these big picture aspirations through a proven record of operational leadership, problem solving, strategy development and team playing. These traits and abilities will serve him well in the days and years ahead.”

Current Stock Chart for DANGOTE SUGAR REFINERY PLC (DANGSUGA)

Dangote stressed  the essence of Nigeria's industrial coming of age:  “At the cusp of industrial revolution in Nigeria and with our acquisition of Savannah Sugar Company, located on 32,000 hectares in Adamawa State and planned development of other sugar fields across the country estimated at over 300,000 hectares, critical enablers such as innovation, talent and skills are key levers to put us on a competitive trajectory growth path.”

 

Dangote  praised the new Deputy Managing Director, Abdullahi Sule who preciously manage the company for his tirelessly role in the company,  “The Board would like to also especially thank Mr Abdullahi Sule for his tireless commitment and transformational leadership for the company and its shareholders during its important transitional years.” .”


Background as sourced by Bloomberg

Mr. Graham J. Clark, B.Acct.(Hons.), A.C.A. has been the Managing Director of Illovo Sugar Ltd. since April 1, 2009 and served as its Director of Operations for Africa. Mr. Clark serves as the Chairman of Illovo Sugar (Malawi) Ltd. He served as the Chairman of Illovo Sugar Ltd. He served as Non-Executive Chairman at Zambia Sugar plc. Mr. Clark has been an Executive Director of Illovo Sugar Ltd. since 1997. He serves as a Non-Executive Director of Illovo Sugar (Malawi) Ltd. He serves as a Non Executive Director of Zambia Sugar plc. He is a Member of the Institute of Chartered Accountants in Australia. Mr. Clark holds B.Acct.(Hons.) and A.C.A.

 

Dangote Sugar Refinery Plc (DANGSUGA)

Dangote Sugar Refinery Plc engages in refining and selling sugar in Nigeria and sub-Saharan Africa. The company is involved in growing and processing sugar cane, such as refined sugar, molasses, bagasse, and filter press mud. It offers Vitamin A fortified sugar, a fine white granulated sugar for table use, baking, sweetening of beverages, etc.; and unfortified industrial sugar, which is used by pharmaceuticals, food, and beverage manufacturing companies. Dangote Sugar Refinery Plc sells its products through various distributors, as well as directly to retail customers under the Dangote Sugar brand. The company was founded in 2000 and is headquartered in Lagos, Nigeria. Dangote Sugar Refinery Plc is a subsidiary of Dangote Industries Limited.

Detailed DANGSUGA:NL Company Description...

www.dangote-sugar.com

659 Employees

Last Reported Date: 04/15/13

Founded in 2000

Last modified on Monday, 22 July 2013 05:32

Add comment