Vince McMahon, the former chief of World Wrestling Entertainment , plans to return to the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, he said in a statement on Thursday.
World Wrestling Entertainment chairman Vince McMahon looks out at the crowd during a segment of NBC's "Today" show in New York, U.S., April 2, 2007. REUTERS/Brendan McDermid/File Photo, plans to return to the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, he said in a statement on Thursday.
McMahon, who has majority voting power in the company, has informed WWE that he is electing himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. The former executive, who ran the company for four decades, said that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman.
McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.
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