WWE® Names Elisebeth Collins General Counsel & Corporate Secretary

Rhea-AI Summary

WWE (NYSE: WWE) has appointed Elisebeth Collins as General Counsel & Corporate Secretary, succeeding Samira Shah. Collins joins from Caterpillar Inc, where she was Deputy General Counsel. Her experience includes leadership roles at Boeing and service on the Privacy & Civil Liberties Oversight Board. Vince McMahon praised her legal expertise, which is expected to support WWE's strategy for global revenue growth. Collins will oversee WWE’s legal affairs, including litigation, governance, and compliance.

Positive

• Elisebeth Collins brings extensive legal experience from Caterpillar and Boeing.
• Appointment expected to enhance WWE's legal and corporate governance.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE^® (NYSE: WWE) today announced that Elisebeth Collins has been named General Counsel & Corporate Secretary, reporting to Chairman & CEO Vince McMahon. She succeeds Samira Shah, who is departing the company.

Collins joins WWE from Caterpillar Inc, the publicly traded manufacturer, where she served as a Deputy General Counsel. At Caterpillar, she led a global team of legal professionals providing commercial, regional, employment, governance and other legal support, following time as the company’s Chief Compliance Officer.

“I am thrilled to be joining this iconic company at such an exciting time and working with the team to help implement the organization’s strategy,” said Collins.

“Elisebeth’s experience providing counsel on a wide variety of legal and business matters will help us execute our company’s ambitious plans to continue to grow global revenue and drive shareholder value,” said McMahon. “I would like to thank Samira for her time at WWE and wish her well in future pursuits.”

As General Counsel and Corporate Secretary, Collins will oversee WWE’s legal affairs and serve as principal legal adviser for the company. Her oversight will include litigation, intellectual property, corporate governance, government relations, risk management, talent contracts and compliance.

Earlier work in Collins’ career includes senior roles with The Boeing Company and serving on the Privacy & Civil Liberties Oversight Board. A recipient of the Edward J. Randolph Award for service to the Department of Justice and named Legal Times’ “Top 40 Lawyers Under 40” in Washington D.C., Collins is a graduate of Harvard Law School and the University of Chicago.

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 event, 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 Sports, 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.

Additional information on WWE (NYSE: 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 impact of the COVID-19 outbreak on our business, results of operations and financial condition; entering, maintaining and renewing major distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk that we are unable to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; 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 greater financial resources or marketplace presence of many of our competitors; 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 including without limitation, claims alleging traumatic brain injury; large public events as well as travel to and from such events; our feature film business; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; privacy norms and regulations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness including our convertible notes; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; 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 is 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 and quarterly reports on Form 10-Q.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220407005996/en/

Media Contact:

Chris Legentil

WWE

203-352-8793

Chris.Legentil@wwecorp.com



Investor Contact:

Seth Zaslow

203-352-1026

Seth.Zaslow@wwecorp.com

Source: WWE

FAQ

Who is the new General Counsel of WWE?

Elisebeth Collins has been appointed as the new General Counsel & Corporate Secretary of WWE.

What was Elisebeth Collins' previous role before joining WWE?

Before joining WWE, Elisebeth Collins served as Deputy General Counsel at Caterpillar Inc.

What legal areas will Collins oversee at WWE?

Collins will oversee litigation, governance, compliance, and risk management at WWE.

Who did Elisebeth Collins succeed in her new role?

Elisebeth Collins succeeded Samira Shah as General Counsel & Corporate Secretary at WWE.

What impact is expected from Collins' appointment at WWE?

Her appointment is expected to support WWE’s strategy for global revenue growth and enhance legal functions.