NEW YORK, Aug. 25, 2025 /PRNewswire/ — ESSENCE Ventures today announced that Caroline Wanga, who has been on health leave since September 2024, has made the decision not to return to her position as President and CEO of Essence Ventures.
“We are profoundly grateful to Caroline for her leadership, vision, and unwavering advocacy of Black women and culture,” says Richelieu Dennis, Founder and Chairman of Sundial Technology & Media Group, parent company of ESSENCE Ventures. “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.”
Caroline served as a transformative leader of ESSENCE Ventures from June 2020 through the start of her leave in fall 2024. During her tenure, she guided the company through a period of growth, innovation, and renewed cultural influence. She remained deeply committed to uplifting and championing Black women, reinforcing ESSENCE Venture’s legacy as a trusted voice and community for generations to come.
“The opportunity to serve Black women as CEOs of home, culture and community will forever represent pride, to do my best to serve will forever represent courage, and fulfilling my next purpose calling will forever represent conviction,” adds Caroline Wanga.
Caroline will continue to inspire through her recently released book I’m Highly Percent Sure, which reflects her bold perspective and authentic voice as a cultural leader and changemaker. The ESSENCE family extends our gratitude and best wishes to Caroline as she continues her journey of impact, storytelling, and empowerment.
ABOUT ESSENCE VENTURES
A multi-faceted ecosystem that uplifts the Global Black experience through frictionless, borderless economic advancements at the intersection of community and culture, Essence Ventures is a member of the Sundial Group of Companies and is the parent company for Essence Communications, Inc., AFROPUNK, Beautycon and Essence Studios .
SOURCE Wanga Woman
Originally published at https://www.prnewswire.com/news-releases/essence-ventures-and-caroline-wanga-announce-she-will-not-be-returning-from-health-leave-as-she-enters-next-chapter-302537311.html
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