Vince McMahon Removes Three WWE Board Members as Return to Company Takes Shape

, JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler have been removed from WWE’s board of directors effective immediately by McMahon via a written consent order, as he remained WWE’s largest shareholder following his retirement. McMahon is now the executive chairman of the company with his allies and former WWE co-presidents Michelle Wilson and George Barrios joining him in the other two vacant board seats.

At the time of this publishing, WWE’s stock price has risen nearly 17% to just over $84, its highest price in nearly three years.to explore a possible sale as well as to negotiate new media rights deals. “WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,” McMahon said in his original announcement.

Since McMahon left WWE, his daughter Stephanie McMahon took over as chairman and co-CEO alongside Nick Khan, who previously served as the company’s president. Paul Levesque, known to fans as Triple H during his wrestling career, was named chief content officer and the head of creative. McMahon stated in his original announcement that he did “not intend for [his] return to have any impact” on their three roles.

“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said Stephanie McMahon, Khan and Levesque said in a joint statement. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value.”

Triple H and old man Vince should fight it out in the ring about who takes over.

Oh no wwe about to be lame again I’m good on wrestling he be to unalived at this point

Tony Khan must be having a morning celebration right now!!!

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Vince McMahon plotting return to WWE with intent to sell companyVince McMahon’s retirement was short-lived. And challenge Trump to a dictator leaves town match. No wonder their stock shot up after hours today
La source: nypost - 🏆 91. / 67 Lire la suite »

Vince McMahon Announces WWE Return, Plans to Sell CompanyVince McMahon announced plans today to use his shareholder power to elect himself back to the WWE board and initiate a potential sale. WWE VinceMcMahon
La source: bleedingcool - 🏆 20. / 69 Lire la suite »

Vince McMahon Plans to Return to WWE in Attempt to Sell CompanyVince McMahon is looking to make a return to WWE in order to pursue a sale of the company, WWE announced on Thursday. great photo choice
La source: comingsoonnet - 🏆 578. / 51 Lire la suite »

WWE's Vince McMahon plans to return and sell the company: report"The only way for WWE to fully capitalize on this opportunity is for me to return as executive chairman," McMahon said in a statement Thursday. Jumping AH $80 PatMcAfeeShow should buy it
La source: MarketWatch - 🏆 3. / 97 Lire la suite »