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Mark Lamberti Resigns As Imperial Holdings CEO

Johannesburg: Imperial Holdings CEO Mark Lamberti has resigned just days after tendering his resignation from boards of Eskom and Business Leadership South Africa.

This follows his resignation from the boards of Eskom and Business Leadership South Africa after a court ruled against him in a race and gender discrimination case.

It is understood that Lamberti’s decision to step down had been pushed by the recent judgment handed down by the North Gauteng High Court on March 23.

According to reports he’s alleged to be involved in racist observation where he referred to Chowan as “female employment-equity” in front of fellow managers, and said she would need as many as four more years to develop her leadership skills. Lamberti has since apologized unreservedly for the remarks.

It is understood that Lamberti had been caught up in a series of incidents with an ex-employee, Adila Chowan, and against AMH (Associated Motor Holdings) in 2014.

In a statement, Imperial says that damages in the case have to be proven in due course.

Lamberti will be replaced by Osman Arbee, CEO of the motor division from 1 May.

“The Board has resolved to implement corrective action to address deficiencies in Imperial’s gender and race relations culture highlighted in the judgement,”says Imperial.

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