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WWE® Names Dan Ventrelle EVP, Talent; Maurice F. Edelson EVP, Chief Legal Officer
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
WWE has appointed Dan Ventrelle as EVP, Talent, and Maurice F. Edelson as EVP, Chief Legal Officer. Ventrelle, formerly President of the NFL's Las Vegas Raiders, will oversee talent management, reporting to Paul Levesque. Edelson brings 25 years of legal experience, previously serving as General Counsel at The Juilliard School and Time Inc. He will report to Stephanie McMahon. Both executives aim to enhance WWE's operational success and talent acquisition strategy.
Positive
Dan Ventrelle's experience with the NFL's successful move to Las Vegas adds valuable insight into talent management.
Maurice Edelson's extensive legal background in media and entertainment strengthens WWE's legal team and strategy.
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STAMFORD, Conn.--(BUSINESS WIRE)--
WWE® (NYSE: WWE) today announced that Dan Ventrelle will join the company as EVP, Talent, and Maurice F. Edelson will join as EVP, Chief Legal Officer.
Ventrelle was most recently with the NFL’s Las Vegas Raiders, where he served as the team’s President. An integral part of the Raiders’ successful move from Oakland to Las Vegas and the opening of the world-class Allegiant Stadium, Ventrelle oversaw all business operations for the team while also serving as lead negotiator for player and coach contracts and as the primary liaison with the NFL. He began his tenure with the Raiders as an attorney in 2004 before expanding into broader business roles. Ventrelle holds a J.D. from the University of Michigan Law School and a B.A. from the University of Notre Dame.
As EVP, Talent, Ventrelle will oversee the company’s talent department and report to Chief Content Officer Paul Levesque.
“As a lifelong fan, it is an honor to join the world’s premier sports entertainment company,” said Ventrelle. “I am inspired by the vision that Stephanie, Nick and Paul have for the future and excited to further the commitment to deliver exceptional talent to the WWE Universe.”
“Working with Dan during SummerSlam at Allegiant Stadium last year, we were impressed by his expertise across a number of business and personnel areas,” said Levesque. “We’re excited to welcome him to the company.”
Edelson brings to WWE nearly 25 years of legal and business experience within the media, arts and entertainment industries. He joins the company from The Juilliard School, where he served as General Counsel since 2015. Previously, Edelson was EVP & General Counsel of Time Inc., where he also directed Corporate Strategy and M&A during his 16-year tenure. Edelson has also held roles at Time Warner Inc. and Viacom Inc. He began his law career at Cravath, Swaine & Moore, after receiving his J.D. from Columbia Law School, his M.B.A. from Harvard Business School and his B.A. from Vassar College.
As Chief Legal Officer, Edelson will report to Chairwoman & co-CEO Stephanie McMahon.
"I could not be more delighted to be joining the WWE team at this moment,” said Edelson. “I look forward to contributing to the ongoing success and expansion of the WWE business."
“Maurice brings to WWE a tremendous legal and business acumen within the media, arts and entertainment sectors,” said McMahon. “We look forward to his contributions to the organization.”
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, FOX, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all premium live events, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network.
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, and oral statements made from time to time by our representatives may contain, forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding, our outlook for future financial results, the impact of recent management changes, the scope, duration and findings of the investigation being conducted by the special committee of independent members of our Board of Directors; our plans to remediate identified material weaknesses in our disclosure control and procedures and our internal control over financial reporting, and regulatory, investigative or enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters. In addition, the words “may,” “will,” “could,” “anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,” “believe,” “expect,” “outlook,” “target,” “goal,” “guidance” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These statements relate to future possible events, as well as our plans, objectives, expectations and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or the performance by us to be materially different from future results or performance expressed or implied by such forward-looking statements. These forward-looking statements are subject to uncertainties relating to, without limitation, the departure of Vince McMahon from the Company and the appointment of Stephanie McMahon and Nick Khan as co-Chief Executive Officers; the scope, duration and findings of the ongoing investigation by the special committee of independent members of our Board of Directors; regulatory, investigative or enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters; our ability to remediate material weaknesses in our disclosure controls and procedures and our internal control over financial reporting; and reputational harm to the Company’s relationships with its stockholders, customers, talent and partners, which may have adverse financial and operational impacts, among other factors. The following additional factors, among others, could cause actual results to differ materially from those contained in forward-looking statements: 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; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and/or our inability to compete effectively, especially against competitors with greater financial resources or marketplace presence; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events; large public events as well as travel to and from such events; our expansion into new or complementary businesses, strategic investments and/or acquisitions; our accounts receivable; the construction and move to our new leased corporate and media production headquarters; litigation and other actions, investigations or proceedings; a change in the tax laws of key jurisdictions; our feature film business; a possible decline in general economic conditions and disruption in financial markets including any resulting from COVID-19; our indebtedness including our convertible notes; our potential failure to meet market expectations for our financial performance; through his beneficial ownership of a substantial majority of our Class B common stock, our controlling stockholder, Vincent K. McMahon could exercise ultimate control over our affairs, and his interests may conflict with the holders of our Class A common stock; our share repurchase program; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the volatility of our Class A common stock. In addition, our dividend and share repurchases are dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends (including under our revolving credit facility), general economic and competitive conditions and such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, our annual report on Form 10-K/A and quarterly reports on Form 10-Q/A and Form 10-Q.
