If you write a scripts that needs to split a string, e.g. a filepath, then awk(1) is the tool of choice. The following little script does just that.
#!/bin/sh
###########################################
##### split a string
if [ $# -ne 1 ] ; then
echo usage: split_string.sh path
exit 1
fi
# get the left part of the last "/"
VAR_1=$(awk -v value=$1 'BEGIN {
string = "";
n = split(value, a, "/");
for(i = 2; i < n; i++)
string = string"/"a[i];
string = string"/";
print string;
}')
echo $VAR_1
# get the right part of the last "/"
VAR_2=$(awk -v value=$1 'BEGIN {
n = split(value, a, "/");
print a[n];
}')
echo $VAR_2
exit 0