Arena Group Holdings (AREN) said its board terminated Sara Silverstein as chief executives officer, effective immediately.
The board named Paul Edmondson as interim CEO, the company said Wednesday in a statement.
Edmondson most recently was president of platform for Arena and previously was chief operating officer.
Shares of the company fell 1.3% in recent trading.
Price: 1.54, Change: -0.02, Percent Change: -1.28