WWE CORPORATE SHAKE UP
Posted: 021020

Two Long Term Board Members are Replaced by Vince for Reasons

The WWE has let go co-presidents George Barrios and Michelle Wilson. Both are no longer with the company and have been removed from the company's board of directors. Both had been with WWE for over 10 years but according to Vince McMahon, I am grateful for all that was accomplished during their tenure, but the Board and I decided a change was necessary as we have different views on how best to achieve our strategic priorities moving forward. We have a deep team of talented, experienced and committed executives across the organization, and the Board and I have great confidence in our collective abilities to create compelling content, engage our global fan base across platforms, increase revenues, and drive shareholder value. Frank A. Riddick III is now the company's interim Chief Financial Officer and a search is underway for permanent Chief Financial Officer and Chief Revenue Officer. Riddick has been on WWE's board of directors for more than 11 years and is getting over $33, 000 a day for taking on the job. Barrios and Wilson were promoted to co-presidents and appointed to WWE's board of directors in 2018 but unless you are a member of the McMahon family no job is permanent.

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