One of WWE’s TKO merger, a longtime member of their Board of Directors will be leaving the company.
On September 12th, WWE and Endeavor officially finalised a merger between the two companies to former TKO, a multimedia sports and entertainment conglomerate with both WWE and UFC under their umbrella.
Following the announcement, an email was distributed within the company on Wednesday from WWE President Nick Khan to alert everyone of longtime Board of Directors member Frank Riddick’s pending departure at the end of the month:
“After over thirteen years on our Board of Directors and almost two years after joining WWE full time as our CFO and serving as President/CFO, Frank Riddick will be leaving WWE post the TKO close at the end of the month. Frank is a highly respected colleague, and it has been a pleasure to work alongside him. We are grateful for his counsel, support, and dedicated years of service and wish him only continued success moving forward.”-Nick Khan
Riddick had served as a board member of WWE for over a decade and was named its Chief Financial Officer after Kristina Salen left the company in 2021, with his titles being promoted to President and CFO last year.
Following the merger, Riddick reportedly received a $5 million “sales bonus,” with Paul ‘Triple H’ Levesque also said to have received the same figure.
As always, we’ll aim to provide any further updates on Frank Riddick’s WWE departure, as well as any other changes made to WWE’s operations following the TKO merger as soon as we hear more.