WWE® Names Jay Li Vice President & General Manager, Greater China
April 25 2016 - 9:00AM
Business Wire
WWE (NYSE: WWE) today announced the appointment of Jay Li as
Vice President & General Manager, Greater China based in
Shanghai. Li, a senior executive who has held multiple
leadership positions in key industries in China and the U.S., will
report directly to Ed Wells, WWE Executive Vice President,
International.
In this newly created role, Li will lead WWE’s strategic
business development initiatives and day-to-day operations in China
and work in conjunction with local government authorities and
partners across all of WWE’s lines of the business including
television, live events, marketing, sponsorship, new media,
licensing and merchandising.
“China is strategically important for WWE and we are confident
that Jay will help successfully develop our brand and business in
the market,” said Gerrit Meier, President, International, WWE. “We
remain committed to expanding WWE internationally, and our presence
in China is critical to the company’s future growth.”
Prior to joining WWE, Li served as Skullcandy, Inc.'s China
General Manager, where he helped launch its business in China, grow
annual sales and successfully establish Skullcandy as a leading
youth brand.
Li joined Skullcandy from Li Ning Company Limited, China’s
leading sporting goods company, where he held multiple leadership
positions. As Vice President & General Manager of the company’s
International Division, Li played a key role in growing annual
revenue to more than $1.4 billion.
Earlier in his career, Li held executive roles at IBM and
Andersen Consulting, LLP, and graduated summa cum laude from
Middlebury College where he earned a Bachelor of Arts degree in
International Politics and Economics.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms.
WWE programming reaches more than 650 million homes worldwide in 25
languages. WWE Network, the first-ever 24/7 over-the-top premium
network that includes all live pay-per-views, scheduled programming
and a massive video-on-demand library, is currently available in
more than 180 countries. The company is headquartered in Stamford,
Conn., with offices in New York, Los Angeles, London, Mexico City,
Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo.
Additional information on WWE (NYSE: WWE) can be found at
wwe.com and corporate.wwe.com. For information on our global
activities, go to http://www.wwe.com/worldwide/
Trademarks: All WWE programming, talent names, images,
likenesses, slogans, wrestling moves, trademarks, logos and
copyrights are the exclusive property of WWE and its subsidiaries.
All other trademarks, logos and copyrights are the property of
their respective owners.
Forward-Looking Statements: This press release contains
forward-looking statements pursuant to the safe harbor provisions
of the Securities Litigation Reform Act of 1995, which are subject
to various risks and uncertainties. These risks and uncertainties
include, without limitation, risks relating to: WWE Network; major
distribution agreements; our need to continue to develop creative
and entertaining programs and events; the possibility of a decline
in the popularity of our brand of sports entertainment; the
continued importance of key performers and the services of Vincent
K. McMahon; possible adverse changes in the regulatory atmosphere
and related private sector initiatives; the highly competitive,
rapidly changing and increasingly fragmented nature of the markets
in which we operate and greater financial resources or marketplace
presence of many of our competitors; uncertainties associated with
international markets; our difficulty or inability to promote and
conduct our live events and/or other businesses if we do not comply
with applicable regulations; our dependence on our intellectual
property rights, our need to protect those rights, and the risks of
our infringement of others’ intellectual property rights; the
complexity of our rights agreements across distribution mechanisms
and geographical areas; potential substantial liability in the
event of accidents or injuries occurring during our physically
demanding events including, without limitation, claims relating to
CTE; large public events as well as travel to and from such events;
our feature film business; our expansion into new or complementary
businesses and/or strategic investments; our computer systems and
online operations; a possible decline in general economic
conditions and disruption in financial markets; our accounts
receivable; our revolving credit facility; litigation; our
potential failure to meet market expectations for our financial
performance, which could adversely affect our stock; Vincent K.
McMahon exercises control over our affairs, and his interests may
conflict with the holders of our Class A common stock; a
substantial number of shares are eligible for sale by the McMahons
and the sale, or the perception of possible sales, of those shares
could lower our stock price; and the relatively small public
“float” of our Class A common stock. In addition, our dividend is
dependent on a number of factors, including, among other things,
our liquidity and historical and projected cash flow, strategic
plan (including alternative uses of capital), our financial results
and condition, contractual and legal restrictions on the payment of
dividends (including under our revolving credit facility), general
economic and competitive conditions and such other factors as our
Board of Directors may consider relevant. Forward-looking
statements made by the Company speak only as of the date made and
are subject to change without any obligation on the part of the
Company to update or revise them. Undue reliance should not be
placed on these statements. For more information about risks and
uncertainties associated with the Company’s business, please refer
to the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” sections of the
Company’s SEC filings, including, but not limited to, our annual
report on Form 10-K and quarterly reports on Form 10-Q.
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version on businesswire.com: http://www.businesswire.com/news/home/20160425005895/en/
Media:WWEMark Vasquez,
203-352-1521Mark.Vasquez@wwecorp.comorInvestor:WWEMichael Weitz,
203-352-8642Michael.Weitz@wwecorp.com
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