Cape Town – Imperial Holdings CEO Mark Lamberti has resigned. Lamberti offered to step down and Imperial’s board accepted his resignation.
His resignation follows his decision to leave Eskom boards and Business Leadership of South Africa board after a court ruled against him in a race and gender discrimination case.
On Wednesday the company said in a statement that the reason Lamberti resigned was because of the recent North Gauteng High Court on March 23, which ruled in favour of an ex-employee, Adila Chowan, and against AMH (Associated Motor Holdings), Imperial and Lamberti after a series of incidents which occurred in 2014.
Lamberti is said to have referred Chowan as a “female employment-equity” in front of fellow managers, and said she needs as many as four more years to develop her leadership skills.
Lamberti apologised unreservedly for the remarks after they were unraveled. Damages still need to be discussed and this will be done in due course according to the Imperial statement.
The statement read, “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 ofSouth Africa,”
“The Board thanks Mr Lamberti for his excellent leadership and commitment to the group.”
New CEO is Osman Arbee, who was Imperial’s Chief Financial Officer from 2013 to 2017 and currently is the CEO of the group’s Motus vehicle sales division, his contract will come into effect from the 1st of May.
Photo Credit- BizNews.com
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