Vince McMahon Unanimously Elected as Executive Chairman of the WWE Board
As reported earlier at this link, Stephanie McMahon announced her resignation as Chairwoman and Co-CEO of WWE this evening. As a follow-up, WWE just announced the following-
WWE BOARD OF DIRECTORS UNANIMOUSLY ELECTS VINCE MCMAHON EXECUTIVE CHAIRMAN OF THE BOARD
STAMFORD, Conn., January 10, 2023– WWE (NYSE: WWE) today announced that its Board of Directors unanimously elected Vince McMahon Executive Chairman of the Board.
Stephanie McMahon has resigned from her roles as Chairwoman and Co-CEO.
Nick Khan will serve as WWE CEO.
Vince McMahon:
“First, I’d like to express my full support for Stephanie’s personal decision. I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand.“I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. Together, we look forward to working with the Board at this critical moment in time to review our strategic alternatives and maximize value for all WWE shareholders.”
Stephanie McMahon:
“I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders.”Nick Khan:
“Stephanie McMahon is a terrific executive and an even better person. It has been an honor to serve as Co-CEO with her. She will only continue to succeed.“I’m grateful to Vince McMahon and our Board of Directors for their ongoing support. I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.”
What I noticed on Raw or Smackdown is that HHH was experimenting with the two shows. At least HHH is making an effort to try to change the formula around. If Vince is in charge of creative let’s say then no attempt will be given to make alterations on the programs.
So there goes WWE down the drain again
Great, now I can start watching RAW again!
If Vince is back in charge of creative, I’m concerned that a lot of talent will be getting another 90-day vacation in the form of non-competes.
when the sale goes thru HHH will have to find a new ass to kiss
@ Brian ——- I read somewhere that the government was looking to do away with these companies ability to hit people with 90-day no compete clauses, so that may be coming to an end.