/ 18 April 2018

Mark Lamberti resigns as Imperial CEO

According to Wednesday's statement
According to Wednesday's statement

Imperial Holdings CEO Mark Lamberti has resigned.

This follows his resignation from the boards of Eskom and Business Leadership South Africa after a high court ruled against him in a race and gender discrimination case.

READ MORE: Lamberti finally resigns from BLSA

Imperial said in a statement on Wednesday that the move for Lamberti to step down arose from the recent judgment in which a court found in favour of an ex-employee, Adila Chowan, and against AMH (Associated Motor Holdings), Imperial and Lamberti regarding a series of incidents which commenced in 2014.

Damages in the case have to be proven in due course, said Imperial in a shareholder announcement.

The High Court on March 23 ruled against Lamberti in a case where he was said to have referred to Chowan as “female employment-equity” in front of fellow managers, and said she would need as many as four more years to develop her leadership skills. Lamberti has since apologised unreservedly for the remarks.

READ MORE: ‘My victory should help all women’

According to Wednesday’s statement, Lamberti offered to resign and Imperial’s board accepted it.

“Mr Lamberti has served Imperial with distinction since March 2014, leading a multifaceted portfolio, organisation and management restructuring, a key objective of which was to accelerate executive development and transformation to align Imperial’s employee and leadership profile with the economically active demographics of South Africa,” read the statement. 

“The Board thanks Mr Lamberti for his excellent leadership and commitment to the group.”


Osman Arbee, Imperial’s Chief Financial Officer between 2013 to 2017 and currently the CEO of the group’s Motus vehicle sales division, has been appointed new group CEO with effect from May 1.

Arbee will stay on as the CEO of Motus.

“Mr Arbee was previously a senior partner at Deloitte and Touche and joined the group in 2005,” said Imperial. “He has been intimately involved in the affairs of Imperial at the highest levels since joining the group and is well placed to assume leadership and continuity of the board approved strategy which commenced in late 2014.” — Fin24