Combined Motor Holdings (CMH), a JSE-listed motor group, is facing an unexpected leadership transition after the death of its group CEO, Jebb McIntosh, on November 2. McIntosh spent nearly five decades at CMH, playing a crucial role in building the business. He co-founded the group with Maldwyn Zimmerman in 1976 and was appointed CEO in 1999. His death has raised questions about the company's future leadership.
McIntosh's death comes after CMH had begun making changes to its senior leadership structure, with plans for him to reduce his involvement in the group's daily operations. Charles Webber, head of motor retail and distribution, was set to assume greater responsibility, effectively positioning him as co-CEO. Webber has been with CMH for 25 years, joining the group in 2000 as dealer principal of its Umhlanga Toyota-Lexus dealership. He was promoted to CEO of the motor retail and distribution division in 2024.
The company had not provided a date for McIntosh's eventual departure or clarified the full succession arrangements. With McIntosh's death, it is unclear whether Webber will now take over as group CEO or if further changes will be made to the executive structure. The leadership transition also follows plans for long-time chief financial officer (CFO) Stuart Jackson to step down, with company secretary Priya Govind appointed as CFO designate.
Jackson, 72, has served on the board since 1986, while McIntosh, who was 79, had been one of the company's longest-serving directors. CMH operates about 43 motor dealerships representing 29 vehicle brands across Gauteng, KwaZulu-Natal, and the Western Cape. Its rental business, First Car Rental, has a fleet of more than 7,000 vehicles and operates through 50 branches across South Africa.
CMH chair James Dixon paid tribute to McIntosh, saying he remained actively involved in the business until his death. "Up until the moment that he passed, Jebb was having a typical day in the office, directing the activities of his beloved CMH," Dixon said. He remembered McIntosh for his business acumen, attention to detail, and ability to handle complex situations.
The group, valued at about R2.6bn, is one of Durban's few JSE-listed companies. CMH has a significant presence in the South African motor industry, with a large network of dealerships and a substantial rental business. The company will need to navigate this leadership transition carefully to ensure continuity and stability.
As CMH moves forward, the company's board will need to make key decisions about its leadership structure and succession plans. The transition will be closely watched by investors, customers, and employees, who will be eager to see how the company evolves under new leadership.
Key points
- Charles Webber is likely to play a key role in CMH's future leadership.
- Stuart Jackson is set to step down as CFO.
- Jebb McIntosh's legacy at CMH will be remembered for his business acumen and leadership.
