Imperial Holdings chief financial officer (CFO) Mohammed Akoojee will double as acting CEO while Osman Arbee is on medical leave, the company said on Monday. This will not delay the proposed unbundling of Imperial’s vehicle division into a separately listed company — Motus — Imperial said on Monday. This unbundling had been on the cards for years and in 2016 the two businesses began operating separately, according to investor relations manager Esha Mansingh. The two businesses were run off separate balance sheets. They were now in a position where they could be listed separately. Mansingh said Imperial’s executives first began to discuss an unbundling as the “best way to turn Imperial’s fortunes around”, soon after Mark Lamberti joined as CEO in March 2014. Lamberti then left his role in April this year and was replaced by Arbee. After Arbee replaced Lamberti the group announced a decision to split into Motus, which would be headed by Arbee, and the remaining logistics business, whi...

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