WWE Names Nick Khan As New President And Chief Revenue Officer, Vince McMahon Comments

WWE has named Nick Khan as their new President and Chief Revenue Officer.

Khan will report directly to WWE Chairman & CEO Vince McMahon.

"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," said McMahon in a press release. "While representing WWE at CAA, he was instrumental in transforming our business model by securing domestic media rights increases of 3.6x over our previous agreements. 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."

Khan is the former Co-Head of Television at Creative Artists Agency (CAA), and has worked with other top companies in the industry.

"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," said Khan in the release. "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. Our collective industry experience will enable us to extract maximum value across the portfolio globally while driving long-term shareholder value."

Below is the full press release sent to us today by WWE:

WWE® NAMES NICK KHAN PRESIDENT & CHIEF REVENUE OFFICER

STAMFORD, Conn., August 5, 2020 ? WWE (NYSE: WWE) today announced that Nick Khan, former Co-Head of Television at Creative Artists Agency (CAA), has been named President & Chief Revenue Officer, reporting directly to WWE Chairman & CEO Vince McMahon.

"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," said McMahon. "While representing WWE at CAA, he was instrumental in transforming our business model by securing domestic media rights increases of 3.6x over our previous agreements. 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."

"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," said Khan. "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. Our collective industry experience will enable us to extract maximum value across the portfolio globally while driving long-term shareholder value."

Khan, a former practicing attorney, transitioned to International Creative Management (ICM) in 2006 where he launched their Sports Media department and represented the biggest names in sports broadcasting. In 2012, Khan moved to CAA where he became the Co-Head of the Television Department. During his tenure there, Khan continued to represent the top broadcasters while also representing WWE, the Southeastern Conference (SEC), Top Rank Boxing and others helping to negotiate billions of dollars in media deals on their behalf.