Shane McMahon resigns from WWE

In shocking news Friday, a McMahon is reported as officially leaving World Wrestling Entertainment. According to a press release on Friday, Shane McMahon is officially resigning from his position as Executive Vice President of Global Media with WWE. The announcement was made via this press release on WWE.com:

STAMFORD, CT – Shane McMahon, Executive Vice President of Global Media, announced today he has tendered his resignation effective January 1, 2010.

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.”

“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.

Shane also provided his own thoughts for the WWE Universe on Friday:

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.

Shane goes on to thank the fans and WWE Superstars. Read the remainder of Shane's letter here.

The 39-year old Shane has been involved behind the scenes for several years, but also as part of the on-screen stories as well, with his most recent feud involving Randy Orton & Legacy. Shane started out as a referee in 1990, then was a backstage official, and then in 1998 joined "The Corporation". His other feuds included DX, Kane, Kurt Angle and his own father.

Shane's most notable contribution was when he formed the company’s Digital Media Department in 1998, which eventually created the WWE.com website (formerly WWF.com). At this time it's unknown what Shane will move into next, with some rumor sites already speculating it will be UFC/MMA. Wherever he goes, best wishes to Shane in all his future endeavors, and let's not rule out an appearance from Shane-O-Mac here or there on the shows & PPV's!