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Shane McMahon, executive VP of Global Media at World Wrestling Entertainment, announced today that he will resign from the organization effective January 1.

Shane McMahon, who is also the 39-year-old son ofWWE chairman-CEO Vince McMahon, was a professional wrestler and on-air commentator before taking on his executive role.

In a statement, Shane said: “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.”

Said Vince: “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.”