Vince McMahon returns to WWE Board
January 6, 2023
By Nik Roseveare
Vince McMahon is officially back with WWE, rejoining the company’s Board of Directors
“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said his daughter, Chairwoman & Co-CEO Stephanie McMahon, Co-CEO Nick Khan and Chief Content Officer Paul Levesque 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 maximise shareholder value.”
Vince McMahon stated on January 5th: “WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities.”
In connection with the change in the composition of the Board of Directors and in cooperation with Vince McMahon as majority shareholder, the company says it intends to undertake a review of its strategic alternatives with the goal being to maximise value for all WWE shareholders. There is no assurance that this process will result in a transaction.
Vince McMahon, in his capacity as controlling shareholder of the Company, has removed JoEllen Lyons Dillon, Jeffrey R. Speed and Alan M. Wexler from the Board. Vince McMahon, George Barrios and Michelle Wilson have been added to the Board to fill the resulting vacancies.
The Board currently consists of:
- Vince McMahon
- Stephanie McMahon
- Nick Khan
- Paul Levesque
- Steve Koonin
- Michelle McKenna
- Steve Pamon
- George Barrios
- Michelle Wilson
Ignace Lahoud and Man Jit Singh have resigned from the Board, effective immediately.
Vince McMahon left WWE in July 2022. His return is seen as a move to help facilitate a sale for the entertainment behemoth. Interested parties could include Amazon, USA Network, Disney, Netflix and the like.