Imperial Logistics

Sustainability and corporate governance

The increased scrutiny that comes with direct accountability to equity and debt capital markets, will require Imperial Logistics to establish its credibility as a separately listed company, based on reliable disclosure and guidance on strategic and financial performance and, ultimately, delivering on it.

As per King IV, Imperial Logistics’ leadership will need to demonstrate integrated thinking, through defensible decisions that harmonise the legitimate interests of stakeholders and align to the six capitals model for sustainable value creation, while deepening the company’s reputation as an ethical and responsible corporate citizen that responds adequately to the risks and opportunities in the “triple context” (social, economic and environmental).

A well-constituted and diverse board, with expertise and experience relevant to strategy and the operating context within which Imperial Logistics operates, will need to be maintained and its independence and oversight of multinational operations, underpinned by strong governance and control processes that support strategic delivery and corporate reputation, will need to be demonstrated over time.

Retention and succession planning for the highly experienced, long-serving management team will be critical, with continuous leadership development aligned to strategy, diversity and culture objectives.

A high standard of excellence in governance and accountability has been instilled within Imperial Logistics.

Imperial Logistics Limited board

Non-executive directors
Phumzile Langeni (44)
Chairman
BCom (Acc), BCom (Hons), MCom

A stockbroker by training, Phumzile is executive chairman of Afropulse Group (Proprietary) Limited, non-executive chairman of the Mineworkers Investment Company (Proprietary) Limited and Primedia Holdings. Phumzile also serves as an independent non-executive director on some companies listed on the JSE, among others Massmart Holdings Limited and Redefine Properties Limited. Phumzile was appointed on 16 April 2018 by His Excellency Cyril Ramaphosa, the President of the Republic of South Africa as one of four Special Investment Envoys tasked with raising US$100 billion over a five-year period. Phumzile previously served as an economic adviser to the former Minister of Minerals and Energy, Ms BP Sonjica.

Roddy Sparks (59)
Deputy chairman and lead independent non-executive director
BCom (Hons), CA(SA), MBA

Roddy is a former managing director of Old Mutual South Africa and Old Mutual Life Assurance Company (SA), and the former chairperson of Old Mutual Unit Trusts, Old Mutual Specialised Finance and Old Mutual Asset Managers (SA). He is a non-executive director of Truworths International, the lead independent director of Trencor and chairs the board of advisers of the UCT College of Accounting.

Peter Cooper (62)
Independent non-executive director
BCom (Hons), HDip Tax, CA(SA)

Peter is the immediate past chief executive officer of RMB Holdings Limited (RMH) and Rand Merchant Investment Holdings (RMI). His early career was in the financial services sector, first as a tax consultant and later specialising in corporate and structured finance with UAL Merchant Bank. He joined Rand Merchant Bank in 1992 as a structured finance specialist and transferred to RMB Holdings in 1997, where he was appointed to the board in 1999. He continues to serve as a non-executive director of RMH, RMI, OUTsurance and MMI.

Graham Wayne Dempster (63)
Independent non-executive director
BCom, CTA, CA(SA), AMP (Harvard)

Graham is a non-executive director of Telkom and AECI and the independent non-executive chairman of Long4Life Limited. Graham was an executive director of Nedbank Group Limited and Nedbank Limited and retired in May 2014 with over 30 years’ service in the Nedbank Group.

Thembisa Skweyiya (45)
Independent non-executive director
BProc, LLB (Natal), LLM (Harvard), HDip Tax (Wits)

Thembisa is an admitted attorney to the New York State Bar, USA.

She is the past chairperson of Ukhamba Holdings, an empowerment shareholder in Imperial. She is an executive director of Skweyiya Investment Holdings (Proprietary) Limited and Theshka (Proprietary) Limited. She is currently a director of Famous Brands Limited and Sumitomo Rubber South Africa.

Executive directors
Marius Swanepoel (57)
Chief executive officer
BCom Acc (Hons)

Marius Swanepoel was appointed as the CEO of the Imperial Logistics division in July 2016 after serving as CEO of Imperial Logistics Africa since October 2005. He will retire as CEO of Imperial Logistics in June 2019, remaining as director until December 2019. Marius joined the group in 1994 when Imperial acquired Highway Carriers, where he served as financial director. In May 2007, he joined the Imperial executive committee and was appointed to the Imperial board in November 2009. Marius began his career with the South African Revenue Service in Cape Town, after completing his articles at auditing firm Brink, Roos & Du Toit.

Mohammed Akoojee (39)
Chief executive officer designate
BCom Acc (Hons), CA(SA), CFA

Mohammed Akoojee, currently CFO and acting CEO of Imperial, will succeed Marius as CEO of Imperial Logistics from 1 July 2019 on conclusion of the proposed unbundling. Mohammed will be appointed as CEO designate of Imperial Logistics to facilitate an orderly transition and handover from Marius. Mohammed joined the group in 2009, previously serving as CEO of the Imperial Logistics African Regions division and executive director responsible for mergers, acquisitions, strategy and investor relations for the group. Prior to joining Imperial in 2009, Mohammed worked within the corporate finance and investment banking team at Investec Bank. Before joining Investec, Mohammed worked for Nedbank Securities as an equity analyst.

George de Beer (45)
Chief financial officer
BCompt (Hons), CA(SA)

George de Beer is the CFO of Imperial Logistics and will remain in this role post the unbundling. George joined Imperial in 2005 and held various executive positions in the subsequent years. He was also closely involved with the creation of the African Regions business and his expertise in integrating acquisitions and establishing controls contributed to the evolution of the division from a collection of relatively small transport businesses to the R11 billion business it is today.

Board sub-committees
  Audit and risk committee   Remuneration committee   SES1 committee   Asset and liabilities committee   Nomination committee
 
  • Assists with internal and external audit processes for the group, taking into account the adequacy and functioning of the internal controls and integrity of financial reporting.
  • Sets the risk culture, framework and strategy and ensures robust risk management processes are in place.
 
  • Advises and guides the board on director remuneration, setting and implementing remuneration policy, approval of general composition of remuneration packages and criteria for executive bonus and incentive awards.
 
  • Assists the group with discharging its social, ethics and sustainability responsibilities and implementing practices consistent with good corporate citizenship.
 
  • Responsible for implementing best practice asset and liability risk management policies.
  • Manages the liquidity, debt levels, interest rate and exchange rate risk of the group within an acceptable risk profile.
 
  • Provides advice and guidance on succession planning, director appointments, and director induction and training.
                   
 
Members
 
Members
 
Members
 
Members
 
Members
 
  • GW Dempster (Chairman)
  • P Cooper
  • T Skweyiya
  • RJA Sparks
 
  • RJA Sparks (Chairman)
  • P Langeni
  • T Skweyiya
 
  • T Skweyiya (Chairman)
  • P Langeni
 
  • P Cooper (Chairman)
  • GW Dempster
 
  • P Langeni (Chairman)
  • RJA Sparks
  • T Skweyiya

1Social, ethics and sustainability.