BREAKING ... Michelle Ebanks Steps Down As CEO Of Essence
March 10, 2020
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6:04Now PlayingBREAKING ... Michelle Ebanks Steps Down As CEO Of Essence
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as posted by the channelMichelle Ebanks, Chief Executive Officer of Essence has announced that she will step down from her role as CEO effective March 31st, 2020.
Per Business Wire:
ESSENCE, the number one media, technology and commerce company serving Black women, today announced that Michelle Ebanks, Chief Executive Officer of Essence Communications, Inc., will step down from the role of CEO as of March 31, 2020 to pursue other opportunities and to join the board of Essence Ventures, parent company of ESSENCE. In her board capacity, Ebanks will advise on strategic partnerships and new growth opportunities, including the development of a diversity and inclusion capability that supports the advancement of people of color in the workplace. ESSENCE has commenced a search for her successor, and Ebanks will assist with the transition and search process. During the transition period, Richelieu Dennis, founder & chairman of Essence Ventures, will have direct oversight of the company, working closely with its senior leadership team on continued transformation and strategy execution.
“When I joined ESSENCE, I could not have imagined this extraordinary journey and how it would transform me as a person and as a leader,” said Ebanks. “I will always be grateful for the opportunity, but most importantly for the impact that ESSENCE continues to have on tens of millions of Black women globally. Since I began, my priority has been to position ESSENCE for its next phase, and we’ve done that. The brand has been reestablished as 100% Blackowned and is wellpositioned for continued success through what is a remarkable time of transformation and reinvention.” []
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