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Nick Khan, two other sports entertainment execs elected to WWE Board of Directors

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courtesy CAA

Busy day for WWE corporate news, and for signs of President Nick Khan’s growing importance to the Stamford based company.

WWE® ELECTS STEVE KOONIN, CONNOR SCHELL & NICK KHAN TO BOARD OF DIRECTORS

STAMFORD, Conn., June 1, 2021 – WWE® (NYSE: WWE)today announced that Steve Koonin, Connor Schell and Nick Khan have been elected to its Board of Directors.

“The addition of Steve, Connor and Nick provides WWE and its Board with some of the most accomplished executives in media,” said Vince McMahon, WWE Chairman & CEO. “With such proven track records across our industry, we look forward to their insight and contributions as members of our Board.”

Koonin is the Chief Executive Officer of the NBA’s Atlanta Hawks and State Farm Arena, a position he has held since April 2014. Previously, Koonin served as the President of Turner Entertainment Networks overseeing TNT, TBS, truTV and TCM, following a 14-year run with The Coca-Cola Company where he led marketing and advertising operations.

Schell is the founder and Chief Executive Officer of a new unscripted content venture announced with Chernin Entertainment. An award-winning producer of film and television, Schell previously served as Executive Vice President, Content at ESPN. In that role, he was responsible for the development and production globally of all live event, studio, and original content across ESPN’s platforms, products and services.

Khan has served as WWE President & Chief Revenue Officer since August 2020. Previously, Khan was Co-Head of the Television Department at Creative Artists Agency LLC (CAA), where he represented top broadcasters while also helping to negotiate billions of dollars in media rights deals on behalf of WWE, the Southeastern Conference (SEC) and Top Rank Boxing. Khan was a practicing attorney prior to becoming an agent.

None of today’s moves have made much of an impression on Wall Street. WWE stock is closed down less 1% below where it opened the day, at $55.66 a share.