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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220908005414/en/
Media Contact: Chris
Legentil WWE 203-352-8793 Chris.Legentil@wwecorp.com
Investor Contact: Seth
Zaslow 203-352-1026 Seth.Zaslow@wwecorp.com
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