Imperial CFO Mohammed Akojee appointed acting CEO

Mohammed will stand in for Osman Arbee, who is away on medical leave until next year.

Logistics group Imperial has given their CFO, Mohammed Akoojee, the job of acting CEO, in addition to his finance portfolio, while Osman Arbee is off on medical leave. Imperial says this will in no way impact the proposed unbundling of their vehicle division into a separately listed company, Motus.

Shortly after Osman took over the role of Imperial CEO from Mark Lamberti in April this year, the group announced a decision to split into Motus, which would be headed by Osman, and the remaining logistics business, to be headed by Mohammed.

The company said in a statement that Osman suffered a minor stroke after undergoing surgery in June, causing his recovery period to be longer than expected. Imperial said:

"In the interim, the proposed unbundling of Motus remains on track and will continue as previously announced. The management structures of both Imperial Holdings and Motus, and the current Motus finance structure are sufficient to provide appropriate support during Osman’s absence."

Osman is due back in January 2019, when he will pick up in his role as Motus CEO.