To view the PDF file, sign up for a MySharenet subscription.

IMPERIAL HOLDINGS LIMITED - Changes to the Board of Directors

Release Date: 31/10/2012 14:59
Code(s): IPL     PDF:  
Wrap Text
Changes to the Board of Directors

Imperial Holdings Limited
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
(“Imperial” or “the group”)

CHANGES TO THE BOARD OF DIRECTORS

In compliance with the Listings Requirements of the JSE Limited the
following information is provided:

Imperial wishes to announce that the group financial director, Mr
Hafiz Mahomed, reaches the group’s normal retirement age of 63 during
2013. He has indicated that he intends to retire as a director at the
end of the current financial year on 30 June 2013. He will however
remain in the employ of the group until the end of 2013 in order to
ensure a seamless handover of his responsibilities to his successor.
Hafiz joined the group as financial manager in 1982 and was appointed
to the board in March 1992.

The board is pleased to announce that Osman Suluman Arbee(53) B Acc,
CA (SA), H Dip Tax will be appointed as the financial director of the
group effective from the 1st of July 2013.

Osman is currently the CEO of the Car Rental division and Chairman of
the Tourism, Motor Dealership and Automotive Parts Distribution
divisions. He is a director of Distribution and Warehousing Network
(DAWN) Ltd and Ukhamba Holdings (Pty) Ltd, the group’ empowerment
partner. He was a senior partner at Deloitte before joining Imperial.
He joined the group and the executive committee in September 2004 and
was appointed to the board in July 2007.

Imperial is pleased to announce that Philip Bernard Michaux, a member
of Imperial’s executive committee, will succeed Osman as the CEO of
the Car Rental division, in addition to his position as CEO of the
Automotive Retail division. By heading up both divisions Philip will
be able to exploit the natural synergies between the car rental
division and the motor vehicle dealership divisions.

It has been agreed with Manny de Canha, the CEO of Associated Motor
Holdings (AMH), who also reaches the group’s normal retirement age
during 2013 to extend his contract as CEO of AMH and as a member of
the board on a fixed term contract in line with the group’s post
retirement employment policy.


Company Secretary
RA Venter

By order of the Board
31 October 2012
BEDFORDVIEW
Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 31/10/2012 02:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story