WWE has announced via a press release that they have appointed the former co-head of television at the Creative Artist Agency Nick Khan as the new President and Chief Revenue Officer of the company.
Khan has been appointed in place of Co-President George Barrios and the previous CFO Michelle Wilson who were both fired from the company due to their disagreements with Vince McMahon in January this year.
Nick Khan has previously represented WWE during his time in CAA and he helped negotiate the company’s big TV deals with NBC Universal and Fox Network last year.
You can check out the complete press release sent out by WWE below:
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.