On the May 7, 2015 Imperial Holdings Limited announced that Mr. Thulani Gcabashe would resign as independent non-executive chairman of the company at the conclusion of the company's Annual General Meeting on the November 3, 2015, pursuant to his appointment as Chairman of Standard Bank South Africa Limited. The directors announced the appointment of Dr. Suresh Kana (60), BCom (Hons), MCom, CA (SA) to the board of Imperial with effect from September 1, 2015, with a view to him being appointed independent non-executive chairman of the board from the conclusion of the company's Annual General Meeting on the November 3, 2015. Suresh currently serves as an independent non-executive director of Murray and Roberts Holdings Limited, JSE Limited, Illovo Sugar Limited and is a Professor of Accounting at the University of Johannesburg.