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TNA announced Friday a major executive shake-up, removing Dixie Carter from her long-held position as TNA president.
Billy Corgan will now take over as TNA president. Carter will move into a business consultant-type role as “Chairman and Chief Strategy Officer.”
Corgan is taking over day-to-day operations, essentially following through on investing money in TNA to keep the company going under its new business name of “Impact Ventures” that PWTorch reported on earlier this summer.
In a press release, Carter noted that the more they discussed Corgan’s vision for the organization “the clearer it became that position needed to match his commitment.”
Carter’s new role will “focus on long-term planning, strategic partnerships, and global growth,” with the changes taking place “effective immediately.”
“Billy is a visionary, an iconic artist and savvy businessman with an incredibly gifted creative mind. He has built a decades-long successful global brand, and also has a deep passion and understanding for professional wrestling,” said Carter. “In working with Billy over the last 16 months, he has impressed me to the point that I’ve been in discussions with him to take an elevated strategic leadership role within the company.”
“I believe in this company, its passionate fans, the talented roster and the dedicated staff and crew,” said Corgan. “I am committed to this great opportunity and will use all of my resources and connections to drive the success of this company. This year we have made significant strides in establishing a strong foundation for our future and will be aggressive in continuing to evolve and grow the Impact brands.”
TNA had been looking for an outside investor throughout 2016, but they were unable to secure an investor while Dixie Carter retained control of the company as president.
Now, Carter has removed herself from the president’s role, but she is still remaining in a high-level business strategy role. It remains to be seen if this is the final executive move with Corgan essentially taking over the company’s direction, or if it leads to a follow-up investment deal with an outside party along with Corgan.