Shane McMahon announces shocking resignation from WWE

[newswire]

In a blockbuster announcement that came out of nowhere, Shane McMahon, the Executive Vice President of Global Media for World Wrestling Entertainment has announced that he tendered his resignation effective January 1, 2010.

The announcement was made via a press release which was sent today.

"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," Shane said.

Throughout his WWE tenure, Shane held several responsibilities within the company, starting in his teenage years including stocking the company’s warehouse and then eventually becoming a member of the ring crew, a referee and a ring announcer.

After Shane graduated in 1993, he worked for the WWE TV production, sales, marketing, and international business development divisions, before he helped form the company’s digital media department in 1998.

Since July 2003, Shane has served as Executive Vice President of WWE Global Media overseeing WWE's international offices and TV distribution.

"Even though I am personally saddened by Shane’s decision to leave the company, I am proud of the enormous contributions he has made. He will unquestionably bring passion, commitment and extensive business experience to any endeavor he pursues," said Vince McMahon, WWE Chairman and CEO.

[WrestlingFour]

This is very shocking. This only leaves two McMahons in office now.