Shane McMahon Resigns From WWE Effective January 1, 2010
By Raj Giri
Executive Vice President of Global Media Shane McMahon announced his resignation from WWE today, effective January 1, 2010.
In a press release, Shane stated, “It has been an incredible experience to help build WWE into a global phenomenon. However, having been associated with this organization for the majority of my life, I feel this is the opportune time in my career to pursue outside ventures.”
Vince McMahon admitted to being saddened by the announcement, however was proud of Shane’s accomplishments.
“Even though I am personally saddened by Shane’s decision to leave the company, I am proud of the enormous contributions he has made,” Vince acknowledged. “He will unquestionably bring passion, commitment and extensive business experience to any endeavor he pursues,” said Vince McMahon, WWE Chairman and CEO.
Shane McMahon also issued the following announcement on WWE.com:
It is with great sadness that I announce my resignation from the WWE, effective January 1, 2010.
I have never even considered a future outside the walls of the WWE. However, sometimes life takes an unexpected turn and while it is the most difficult decision I have ever made, it is time for me to move on.
First and foremost, I would like to thank my father for the incredible education working with him has provided and for giving me the opportunity to play a role in building WWE into the global phenomenon that it is today. I am extremely proud to have been the 4th generation in this business, and I am grateful for everyday I was able to work along side not only my own, but the entire WWE family.
Thank you to all of the WWE Superstars both past and present for your passion, pride and dedication. You are truly the engine of the organization and it has been a pleasure to work with, learn from and get to know all of you. Thank you for the privilege of sharing the stage with you and for allowing me to become but a momentary member of your elite brotherhood. I have so much appreciation for the many sacrifices you endure, both physically and personally, to make this business the success that it is. The respect I have for each of you is immeasurable.
Finally, there are no words to express my gratitude to WWE fans the world over for supporting this company through good times and bad and for your unbridled passion that fuels the Superstars’ performances. I am profoundly grateful to have been able to entertain you both in front of the camera and from behind the scenes. You are the greatest fans in the world.
I will always love this business and will remain a fan forever.
We will have much more on this story here at WrestlingINC.com as it develops.