Appointment of the CEO

The board recently announced that Mr Mark James Lamberti, BCom, MBA, PPL (Harvard), has been appointed as chief executive officer of Imperial, succeeding Mr Hubert Brody with effect from 1 March 2014. The appointment was made after an extensive search during which a number of external and internal candidates were considered.

Mark was appointed managing director of the Makro chain in 1988 and founded Massmart in 1990. He was appointed executive chairman of Massmart in 1996 and as CEO and deputy chairman in 2003. He relinquished his executive position to become non-executive chairman in 2007. He is a former director of Wooltru, Primedia, Datatec and Altron. Mark currently also serves as non-executive chairman of Transaction Capital where he recently stepped down as the CEO after serving in that position for five years.

Mark will in due course relinquish his appointments on the boards of other listed companies and we are confident that his experience, exceptional leadership skills and expertise will benefit Imperial and its stakeholders.

Hubert Brody will remain on the board of Imperial as a non-executive director. Hubert joined the group in 2000, was appointed to the Imperial board in 2006 and as the CEO of the group in June 2007. He has made a significant contribution to the group and was instrumental in positioning Imperial with a clear strategy, a strong balance sheet as well as an established and experienced leadership team. The board wishes to express its gratitude to Hubert for his devotion and commitment during his tenure as CEO.

By order of the board

TS Gcabashe
HR Brody
Chief executive
OS Arbee
Financial director


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