WWE® Elects Steve Pamon to Board of Directors
September 01 2020 - 4:15PM
Business Wire
WWE (NYSE:WWE) today announced that Steve Pamon, President and
Chief Operating Officer of Parkwood Entertainment has been elected
to its Board of Directors.
“Steve brings an extraordinary track record from the media and
entertainment industry and is an accomplished senior executive,”
said Vince McMahon, WWE Chairman & CEO. “I am confident his
experience and insights will add tremendous value to our
company.”
As the President & Chief Operating Officer of Parkwood
Entertainment founded by global entertainer Beyoncé in 2010, Pamon
oversees an extensive global media portfolio, including artist
management, music production, concert tours, motion pictures,
television specials and consumer products. Throughout his tenure,
he has achieved critical and commercial success as evident in the
Super Bowl 50 Halftime Show, Lemonade visual album, The Formation
World Tour, Netflix’s Homecoming documentary and the Disney+ film,
Black Is King, among many others.
Prior to joining Parkwood Entertainment, Pamon was the Head of
Sports and Entertainment Marketing for JPMorgan Chase, where he led
a team responsible for the ongoing operations around the bank’s
broad sponsorship portfolio with various leagues, events and
venues. Before joining JPMorgan Chase, Pamon was Vice President of
Strategy and New Business Development for the National Football
League, served as Senior Vice President and General Manager of
HBO's Digital Distribution, and held positions at Time Warner,
McKinsey & Co, Citigroup and Merrill Lynch.
Pamon has been recognized on Billboard’s Power Players List for
four straight years, reaching No. 1 as “Executive of the Year” in
2019. For his work as an Executive Producer, Pamon has received two
Emmy nominations, two Grammy nominations and is both a Grammy Award
winner for Homecoming and a Peabody Award winner for Lemonade.
Pamon holds an MBA from Stanford University Graduate School of
Business and BA in Business Administration from Morehouse
College.
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, pay-per-view,
digital media and publishing platforms. WWE’s TV-PG,
family-friendly programming can be seen in more than 800 million
homes worldwide in 28 languages. WWE Network, the first-ever 24/7
over-the-top premium network that includes all live pay-per-views,
scheduled programming and a massive video-on-demand library, is
currently available in more than 180 countries. The company is
headquartered in Stamford, Conn., with offices in New York, Los
Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai,
Munich and Tokyo.
Additional information on WWE (NYSE:WWE) can be found at wwe.com
and corporate.wwe.com. For information on our global activities, go
to http://www.wwe.com/worldwide/.
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 forward-looking statements pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of
1995, which are subject to various risks and uncertainties. These
risks and uncertainties include, without limitation, risks relating
to: the impact of the COVID-19 outbreak on our business, results of
operations and financial condition; entering, maintaining and
renewing major distribution agreements; a rapidly evolving media
landscape; WWE Network (including the risk that we are unable to
attract, retain and renew subscribers); our need to continue to
develop creative and entertaining programs and events; the
possibility of a decline in the popularity of our brand of sports
entertainment; the continued importance of key performers and the
services of Vincent K. McMahon; 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 greater financial
resources or marketplace presence of many of our competitors;
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 including
without limitation, claims alleging traumatic brain injury; large
public events as well as travel to and from such events; our
feature film business; our expansion into new or complementary
businesses and/or strategic investments; our computer systems and
online operations; privacy norms and regulations; a possible
decline in general economic conditions and disruption in financial
markets; our accounts receivable; our indebtedness including our
convertible notes; litigation; our potential failure to meet market
expectations for our financial performance, which could adversely
affect our stock; Vincent K. McMahon exercises control over our
affairs, and his interests may conflict with the holders of our
Class A common stock; 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 is 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 and quarterly reports on Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200901006028/en/
Media: Matthew Altman
203-352-1177 Matthew.Altman@wwecorp.com
Investors: Michael Weitz
203-352-8642 Michael.Weitz@wwecorp.com
World Wrestling Entertai... (NYSE:WWE)
Historical Stock Chart
From Aug 2024 to Sep 2024
World Wrestling Entertai... (NYSE:WWE)
Historical Stock Chart
From Sep 2023 to Sep 2024