WWE welcomes new president as a ‘full-time member of the family’
STAMFORD — The WWE has announced the appointment of a new president and chief revenue officer, the second top-level hire made by the company in the past month.
Nick Khan joins WWE from Creative Artists Agency, where he served as co-head of television and represented several major broadcasters and other clients, including WWE, the Southeastern Conference and Top Rank Boxing. During his eight-year tenure at CAA, Khan negotiated billions of dollars in media deals, with WWE officials crediting him with securing domestic media rights increases worth 3.6 times previous agreements.
“I am very much looking forward to expanding my relationship with Vince McMahon and the entire team at WWE, and becoming a full-time member of the WWE family,” Khan said in a statement Wednesday. “It’s rare to have an opportunity to work at a company that is not only legendary in what it has already accomplished, but also uniquely poised to enter into an unprecedented phase of growth and expansion across all lines of business.”
Khan will report directly to McMahon, the CEO and chairman.
“Nick is a seasoned media executive with a deep understanding of our business and a proven track record of generating significant value for sports and entertainment properties,” McMahon said in a statement. “Nick’s management style and personal demeanor are perfect for WWE’s entrepreneurial culture, and he will fit right in with our exceptional management team.”
The recruitment of Khan follows the hiring last month of a new chief financial officer, Kristina Salen, who previously served as the first chief financial officer of e-commerce firm Etsy.
They succeed former co-presidents George Barrios and Michelle Wilson, who left WWE in January, although Khan will be the sole president. Barrios and Wilson also, respectively, served as chief financial officer and chief revenue officer.
In a statement at the time, the WWE said that its board had decided to remove Barrios and Wilson from their positions. They had both been promoted to co-president in 2018.
For about six months, Frank Riddick III, a member of WWE’s board for more than 11 years, served as interim chief financial officer.
Other top-level officials include Chief Brand Officer Stephanie McMahon, who is Vince McMahon’s daughter, and Executive Vice President of Global Talent Strategy and Development Paul “Triple H” Levesque, a 14-time holder of WWE’s heavyweight championship and Stephanie McMahon’s husband.
Last week, the company reported declining quarterly revenues, but higher profits, as it adapted to the temporary halt of live arena shows due to the coronavirus pandemic.
In response to the COVID-19 crisis, WWE in March moved its TV show production — including flagship programs “Raw” and “SmackDown” — to a closed-doors setup at its training center in Orlando, Fla.
The company has continued filming despite the surge in COVID-19 cases in Florida in the past couple of months. The company said its medical screenings of performers and production staff include coronavirus testing.
The WWE has its headquarters at 1241 E. Main St. in Stamford.
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