IM­PE­RIAL HOLD­INGS

Finweek English Edition - - INVESTMENT -

HOLD The lo­gis­tics gi­ant has re­cently an­nounced that chief ex­ec­u­tive of­fi­cer Hu­ber Brody would re­tire in the first half of 2014 to spend more time with his fam­ily. FNB Se­cu­ri­ties ad­vised: “Brody has done a good job in bed­ding down the group’s strate­gic di­rec­tive. While the an­nounce­ment was un­ex­pected, Im­pe­rial en­joys im­pres­sive in­ter­nal man­age­ment depth and over­all strat­egy, and op­er­at­ing per­for­mance is un­likely to be af­fected. While we recog­nise the op­por­tu­ni­ties em­bed­ded in this counter’s lo­gis­tics di­vi­sion, we re­main cau­tious on the mo­tor ve­hi­cle re­tail sec­tor.”

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