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 as a member of the Imperial Group.
Board and committees post unbundling
Should shareholders approve the proposed unbundling of Motus at the meeting on 30 October 2018, Imperial Holdings Limited will be renamed Imperial Logistics Limited and the board and committees of the company will be constituted as set out below.
Imperial Logistics Limited board (post unbundling)
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 (post unbundling)
| Audit and risk committee | Remuneration committee | SES1 committee | Asset and liabilities committee | Nomination committee | |||||
|
|
|
|
|
|||||
Members |
Members |
Members |
Members |
Members |
|||||
|
|
|
|
|
1Social, ethics and sustainability.
Imperial Logistics executive committee
Marius Swanepoel
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
Chief executive officer designate (post unbundling)
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
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.
Nico van der Westhuizen
Imperial Logistics South Africa CEO
BA (Hons), B Iuris
Nico was appointed CEO of Imperial Logistics South Africa in February 2016. He joined Imperial Logistics in May 1994 and has held various leadership positions within the business since then. Prior to joining the group, Nico held various senior management roles at the International Transport Corporation, Langeberg Foods (Tiger Brands) and Sasol.
Johan Truter
Imperial Logistics African Regions CEO
Johan Truter is the CEO of the African Regions business having previously served as CEO of the Managed Solutions division, where the introduction of an asset-light business model saw the division disrupt the market. His extensive experience in navigating the complex African continent – and proven success in developing and implementing route-to-market solutions and value-add logistics – see him well placed as a strategic partner to multinational clients wanting to enter and grow in emerging economies. Johan joined the group with the acquisition of Broco in 2004 – a business of which he was joint founder and managing director.
Renier Engelbrecht
Imperial Logistics African Regions CFO
BCom (Hons), CTA in Accounting, CA(SA)
Renier is currently CFO of the African Regions business. Renier is a chartered accountant and has held various CFO and commercial roles within the Imperial Group since joining in 2008. He is also a member of the Imperial treasury committee.
Hakan Bicil
Imperial Logistics International CEO
MBA (Logistics)
Hakan Bicil will manage the international business of Imperial Logistics as CEO of Imperial Logistics International B.V. & Co. KG as of 1 September 2018. Hakan will take the reins from Carsten Taucke, who will withdraw from the management board as of August 2018. Hakan was chief commercial officer at CEVA Logistics. Prior to this, he held senior management positions at Panalpina (executive vice-president strategic business development), at the TOLL Group (managing director Europe and Middle East) and at Kuehne & Nagel (senior vice-president global business development).
Cobus Rossouw
Chief strategy officer
BEng (Hons) (Industrial), BCom (Hons) Logistics
Cobus Rossouw is the chief strategy officer for Imperial Logistics. As such, he is responsible for orchestrating the group’s strategic trajectory and enabling the alignment of all employees globally to ensure its execution. His primary task is the creation, communication and ongoing refinement of robust, integrated strategies that deliver and sustain a competitive edge for the business and its stakeholders. Before joining Imperial Logistics in 2009, Cobus co-founded Volition – which now operates as Resolve. Prior to that, Cobus was logistics director of Cadbury South Africa.
Michael Lütjann
Chief information officer
State examination in business management and economic computer science
Michael is CIO of Imperial Logistics and a member of the management board at Imperial Logistics International B.V. & Co. KG. He is expanding the digital infrastructure at Imperial Logistics and continues to develop processes, forms of work and business models with regard to their digital design. Michael has been working in the field of information technology for almost his entire professional career. Before he joined Imperial Logistics in 2015, he worked at Schenker AG for five years as senior vice president IT management logistics.