List Of New Management Following WWE Sale And UFC Merger
WWE (NYSE: WWE) has recently announced the signing of a definitive agreement to establish a new, publicly listed corporation that will comprise two legendary, synergistic, worldwide sports and entertainment brands: UFC and WWE. Once the transaction is completed, Endeavor will have a 51% controlling stake in the new business, with existing WWE investors holding a 49% stake.
The collaboration between UFC and WWE will offer a far-reaching, expansive scope and seamless distribution across multiple channels. In the combined 2022 fiscal year, UFC and WWE generated $2.4 billion in revenue, with an impressive 10% annual revenue growth rate since 2019.
Ari Emanuel, the Chief Executive Officer of Endeavor, will serve as the Chief Executive Officer of the new company, with Vince McMahon taking on the role of Executive Chairman of the Board. Mark Shapiro will hold the position of President and Chief Operating Officer for both Endeavor and the newly formed company, while Dana White will continue as President of UFC, and Nick Khan will serve as President of WWE. The Board of Directors, consisting of 11 members, will be appointed at a later date, with six members appointed by Endeavor and five members appointed by WWE.
New Management Following the Merger:
Ari Emanuel - Endeavor & NewCo CEO
Vince McMahon - NewCo Exec Chairman
Mark Shapiro - Endeavor & NewCo Pres./COO
Jason Lublin - Endeavor CFO
Andrew Schleimer - NewCo CFO
Dana White - UFC Pres.
Lawrence Epstein - UFC COO
Nick Khan - WWE Pres.
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