Mzi Malunga, Arena Holdings’ CEO, is stepping down just a year and four months after assuming the role, as revealed by an internal staff memo obtained by News24.
- Pule Molebeledi, currently the managing director for news and media, is poised to take on the role of acting CEO in the wake of Malunga’s departure.
- Malunga’s predecessor, Andy Gill, also had a short stint, holding the CEO position for less than two years.
- Arena’s chair, Tshepo Mahloele, conveyed that Malunga’s exit stems from a “mutual separation” aimed at facilitating Malunga’s pursuit of other interests.
- Malunga engaged in negotiations with shareholders to exit before his contract’s conclusion, aiming to facilitate a seamless adaptation to ongoing business changes.
- While Malunga is set to depart by the end of August, he has committed to providing continued support for a smooth transition period.
- Malunga’s professional journey includes roles at respected media outlets like the Weekly Mail (Mail & Guardian), Sowetan, Business Day, and Financial Mail.
- Beyond Arena Holdings, Malunga’s leadership extended to positions such as CEO of Urban Brew Holdings for a decade, as well as board memberships with South African Airways and Brand South Africa.