Vince McMahon Retires
Vince McMahon announces his retirement as Chairman and CEO of WWE at nearly 77 years old, expressing gratitude to fans, family, Superstars, and employees. He assures fans that WWE will maintain its commitment to entertainment and trusts the leadership of Co-CEOs Stephanie McMahon and Nick Khan. WWE, a leader in global entertainment, continues to deliver original content globally, reaching over 1 billion homes. McMahon will remain a majority shareholder and continue to support WWE, reinforcing his confidence in the company's ongoing success.
- Vince McMahon resigns as Chairman and CEO, passing leadership to Stephanie McMahon and Nick Khan.
- WWE continues to deliver family-friendly entertainment across various platforms, reaching over 1 billion homes worldwide.
- Vincent K. McMahon's departure raises concerns regarding company stability and direction.
- The potential for loss of institutional knowledge and leadership risk due to McMahon's retirement.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.
“Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media, and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 30 languages through world-class distribution partners including NBCUniversal,
Additional information on WWE can be found at wwe.com and corporate.wwe.com.
Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos, and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.
Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to: the COVID-19 outbreak, which may continue to affect negatively world economies as well as our industry, business and results of operations; entering, maintaining and renewing major distribution and licensing agreements; a rapidly evolving and highly competitive media landscape; WWE Network; computer systems, content delivery and online operations of our Company and our business partners; privacy norms and regulations; our need to continue to develop creative and entertaining programs and events; our need to retain and continue to recruit key performers; the possibility of a decline in the popularity of our brand of sports entertainment; the possible unexpected loss of the services of
View source version on businesswire.com: https://www.businesswire.com/news/home/20220722005469/en/
Media Contact:
203-352-8793
Chris.Legentil@wwecorp.com
Investor Contact:
203-352-1026
Seth.Zaslow@wwecorp.com
Source: WWE
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