Caroline Wanga will not be returning from health leave, she and ESSENCE Ventures confirmed in a joint announcement this morning.
In a statement shared on Monday, Aug. 25, the company announced that Wanga is officially stepping down as president and CEO to enter the “next chapter” of her career.
“We are profoundly grateful to Caroline for her leadership, vision, and unwavering advocacy of Black women and culture,” Richelieu Dennis, Founder and Chairman of Sundial Technology & Media Group, parent company of ESSENCE Ventures, said in a release. “Her expertise in culture, equity, and organizational change has fueled progress across the ESSENCE Ventures portfolio. Caroline has left an indelible mark on ESSENCE and beyond, and we celebrate the many ways she has amplified our mission and impact.” Read more at www.thegrio.com.
