IMPERIAL LOGISTICS LIMITED - Retirement of Chief Executive Officer

Release Date: 23/01/2019 09:00
Code(s): IPL
 
Wrap Text
Retirement of Chief Executive Officer

Imperial Logistics Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL
(“Imperial Logistics” or “Company” or “Group”)

RETIREMENT OF CHIEF EXECUTIVE OFFICER

Shareholders are referred to the announcement published on the Stock
Exchange News Service on 21 August 2018 in which the retirement of
Marius Swanepoel as Chief Executive Officer (‘CEO’) of Imperial
Logistics Limited with effect from June 2019 was announced. Following
a handover process which was concluded earlier than previously
anticipated, Marius will now retire as CEO of Imperial Logistics with
effect from 1 February 2019 and Mohammed Akoojee will succeed him as
CEO of Imperial Logistics from that date.

Marius will continue to serve as an Executive Director on the Imperial
Logistics Board until 30 June 2019 and will remain employed by
Imperial Logistics until 31 December 2019, responsible for special
projects and available for strategic counsel.

The Board thanks Marius for his invaluable contribution and
significant role in building Imperial Logistics into a market-leading
global business during his 29 years of service, and wishes him well in
his retirement.

Mohammed, who holds CA (SA) and CFA qualifications, joined the
Imperial group in 2009. Prior to being appointed as CEO Designate of
Imperial Logistics in 2018, he served as the Acting CEO of Imperial
Holdings in addition to his role as group CFO. He previously served as
CEO of the Logistics African Regions division and executive director
responsible for mergers, acquisitions (“M&A”), strategy and investor
relations for the group. In these roles Mohammed has been instrumental
in building the African Regions and International logistics
businesses.


23 January 2019
BEDFORDVIEW

Sponsor: Merrill Lynch South Africa (Pty) Limited

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