Endeavor Appoints Ursula Burns to Board of Directors

Rhea-AI Summary

Endeavor Group Holdings, Inc. (NYSE: EDR) announced that Ursula Burns, former Chair and CEO of Xerox and VEON, has joined its Board of Directors. With over 25 years at Xerox, she led significant transformations, transitioning the company into a diversified business services entity. Burns has also been involved with various organizations, advocating for inclusivity and diversity. CEO Ariel Emanuel expressed enthusiasm about Burns' experience with global companies during transformative times, which will be crucial as Endeavor embarks on its next chapter.

Positive

• Ursula Burns brings extensive leadership experience from Xerox and VEON, which could enhance strategic direction.
• Her commitment to inclusivity and diversity aligns with Endeavor's values, potentially improving company culture.
• Burns' innovative approach may drive technological advancements within the company.

Negative

• Burns' prior extensive commitments might raise concerns about her availability and focus on Endeavor.
• -

Endeavor Group Holdings, Inc. (NYSE: EDR), a global entertainment, sports and content company, today announced Ursula Burns, former Chair and CEO of Xerox Corporation and VEON Ltd., has joined its Board of Directors.

Burns became CEO of Xerox in 2009 after joining the organization more than 25 years prior as a mechanical engineer. As CEO, she led the company through its most transformative period, moving from the leader in document technology to a truly diversified global business services company. In 2016, she joined telecommunications company VEON as Chair and CEO where she remained for several years. In addition to her corporate leadership roles, U.S. President Barack Obama appointed Burns to lead the White House’s Science, Technology, Engineering, and Math (STEM) Coalition from 2009-2016, and she served as Chair of the President’s Export Council from 2015-2016 after serving as its Vice Chair for the five years prior. Among her countless professional accomplishments, Burns has led a relentless pursuit to inspire greater inclusivity and diversity among corporations. Burns currently sits on the boards of several public and private companies, including Exxon Mobil Corp., Uber Technologies Inc., Waystar, and Teneo Holdings LLC, while also providing leadership counsel to other community, educational, and non-profit organizations including the Ford Foundation, Massachusetts Institute of Technology (MIT) Corporation, and Mayo Clinic, amongst others.

“As a newly public company, we are honored to welcome Ursula to our Board of Directors at such a transformational time,” remarked Ariel Emanuel, CEO, Endeavor. “Ursula is no stranger to leading global companies through change by embracing innovation and harnessing the power of technology – exactly the type of experience that will prove invaluable to us as we start this next chapter.”

“I’m thrilled to join Endeavor’s board at this exciting time,” remarked Burns. “Endeavor has long been a leading force in sports and entertainment and a true innovator in the content and events space. I’m looking forward to working alongside the leadership team to build upon the company’s incredible momentum and help lay the foundation for many more successful years to come.”

Burns joins a Board of Directors that includes Emanuel, Endeavor Executive Chairman Patrick Whitesell, Silver Lake Co-CEO Egon Durban, Silver Lake Managing Director Stephan Evans, Uncle Nearest Inc. CEO Fawn Weaver, and Tesla CEO Elon Musk.

About Endeavor

Endeavor is a global entertainment, sports and content company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005189/en/

FAQ

Who is Ursula Burns and what experience does she bring to EDR?

Ursula Burns is the former Chair and CEO of Xerox and VEON, bringing over 25 years of leadership experience and a strong focus on innovation and diversity.

What impact might Ursula Burns have on Endeavor Group Holdings?

Burns' experience in leading global companies through change is expected to provide valuable insights and direction as Endeavor continues to grow.

When did Ursula Burns join the Board of Directors of EDR?

Ursula Burns joined the Board of Directors of Endeavor Group Holdings on the date of the announcement made in the press release.