Fin24 reports that Arena Holdings chief executive Mzi Malunga is to exit the company's top job just a year and four months after taking up the position.

Pule Molebeledi, managing director for news and media, will step in as acting CEO. Malunga's predecessor, Andy Gill, had been in the post for less than two years. A memo to staff, issued by Arena's chair Tshepo Mahloele, indicated Malunga had "agreed on a mutual separation" in order to "pursue other interests". He took the reins at the beginning of May 2022. According to the memo, Malunga negotiated an agreement with shareholders to leave the company before his contract ended to, among other things, "enable smooth implementation of the changes happening in the business". He is set to leave at the end of August but will remain available to "support" a smooth transition beyond that. Arena Holdings is one of Africa's largest English-language news publishers i and print titles include Sunday Times, Business Day, Financial Mail, The Herald, Sowetan and Daily Dispatch.

• Read the full original of the report in the above regard at Fin24

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