Zunaid Bulbulia resigns from Huge Group
Zunaid Bulbulia has resigned from his roles as CFO and director of Huge Group and its subsidiary companies.
Huge Group announced in a statement that Bulbulia's resignation is effective from 31 December 2018.
In terms of the CFO position, the company says it has entered into a consulting arrangement with Bulbulia for the provision of services.
"Zunaid is involved in numerous other ventures, which require his input on a daily basis. He is an adjunct professor at the Wits Business School, he is joining a private investment holding company in the telecoms sector, he is an advisory board member to the Gauteng Division of FNB Islamic Bank and he is an advisory board member to the Kirusa Group of Companies, headquartered in New Jersey, USA.
"Huge's growth trajectory necessitates the services of a dedicated and full time chief financial officer. For this reason the company and Zunaid have agreed on a change in his relationship from employee to consultant.
"The company has identified a number of suitable candidates for the post of chief financial officer and has been engaging actively with one candidate. Zunaid will work with the company with a view to handing over his finance responsibilities to the successful candidate."
A former MTN SA CEO, Bulbulia joined Huge Group as a non-executive director in January 2016 and was appointed as CFO in March 2017.