There has been another reorganisation at the WWE office. Matthew Drew, who served as the organization’s Head of International, has left the organization.Senior Vice President, International, was his formal title. For Drew, who had only joined the organization in 2021, it was a brief tenure.
Following his time as Executive Vice President, Rights at DAZN, WWE hired Drew. Drew had four years of Dazn experience. Drew was hired by WWE with the intention of accelerating global business expansion. Following Vince McMahon’s return to the organization as Executive Chairman, this most recent WWE office move is taking place.
In July, McMahon stepped down from his positions as CEO and Chairman of WWE. Investigations into allegations that McMahon covered up allegations of sexual misconduct by accepting hush money led to criticism of him. McMahon cited the need to be present for a new media rights agreement as well as the possibility of a sale in his justification for regaining control.
Following her father’s return, Stephanie McMahon, who had taken over as WWE Chairwoman and Co-CEO, quit her job. Since Vince McMahon’s comeback, the WWE board of directors has also lost JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler. A pivotal time for WWE coincides with the workforce restructuring and McMahon’s return.
Royal Rumble event
WrestleMania is coming up in April, so the promotion is getting ready for the Royal Rumble event. While there have already been significant changes since McMahon’s return, Paul “Triple H” Levesque’s position as Chief Content Officer suggests that WWE’s creative process has not changed.
As he moves closer to a potential sale of the business, WWE Executive Chairman Vince McMahon keeps creating waves in the industry. With the Securities and Exchange Commission’s approval yesterday, McMahon submitted a written consent amendment to WWE’s bylaws that would increase his authority without requiring shareholder consent.
The extensive filing formalizes McMahon’s new authority to decide WWE matters without consulting or seeking approval from the shareholders. Now that this amendment is in effect, McMahon should have complete control over any upcoming sales or, if none occur, the company’s decision regarding a media rights deal.
