WWE has issued the following press release:
WWE® Elects Stuart U. Goldfarb to Board of Directors
STAMFORD, Conn., Aug 22, 2011 (BUSINESS WIRE) — WWE today announced that Stuart U. Goldfarb has been elected to its Board of Directors. Goldfarb will also serve as a member of the Audit Committee.
Since June 2011, Goldfarb has been President and Chief Executive Officer at Atrinsic, Inc., a marketer of direct-to-consumer subscription products and an Internet search marketing agency. From 2001 to 2009, he served as President and CEO of Direct Brands, Inc. Under his leadership, the company grew to be the world's largest direct marketer of music, DVDs and books, with household brands such as Columbia House, BMG Music, Doubleday Book Club and many more. Prior to that, Goldfarb was President and CEO of bol.com, Bertelsmann's premier online international retailer of books and music. He has served as Vice Chairman of Value Vision International, a cable TV home shopping and e-commerce company, as well as held various executive level positions at NBC.
"Stuart is a great addition to our Board of Directors," stated Vincent K. McMahon, Chairman and Chief Executive Officer, WWE. "He brings broad marketing and operational experience across a wide range of distribution platforms, including cable television and the Internet. His proven international experience and overall business perspective will be very valuable to the WWE Board."
Goldfarb also sits on the Board of Directors of Atrinsic and Vitacost.com. He graduated from Adelphi University with a Bachelor of Arts degree followed by a Juris Doctor degree from Hofstra University School of Law.
To read WrestleZone's exclusive report detailing more corportate shake-ups expected within the company, CLICK HERE.