WWE Executive To Depart Company By End Of Month
Following the official acquisition of WWE by the Endeavor Group on Tuesday, a notable name is about to depart from the organization.
Endeavor now holds ownership of both UFC and WWE, with Vince McMahon overseeing the wrestling division and Triple H serving as the head of creative.
According to a report by Pwinsider, Frank A. Riddick, the Chief Financial Officer and Chief Administrative Officer of WWE, is scheduled to depart at the end of this month. This information was shared WWE staff by WWE President Nick Khan via a memo on Wednesday.
His departure is the first publicly known departure following the company’s merger with UFC.
For 13 years, he had been employed by WWE, during which time he held a position on the organization’s Board of Directors until the year 2021.
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The Impact of Endeavor’s Acquisition of WWE
On Tuesday, the Endeavor Group officially acquired WWE, one of the world’s largest professional wrestling organizations. This acquisition has already had an impact on the company, with the first notable departure being Frank A. Riddick, the Chief Financial Officer and Chief Administrative Officer of WWE.
Riddick had been employed by WWE for 13 years and held a position on the organization’s Board of Directors until 2021. His departure was announced to WWE staff by WWE President Nick Khan via a memo on Wednesday.
The acquisition of WWE by Endeavor will likely bring significant changes to the organization. Endeavor now holds ownership of both UFC and WWE, with Vince McMahon overseeing the wrestling division and Triple H serving as the head of creative. With two major organizations now under the same umbrella, there is potential for collaboration between the two companies, as well as changes in the way WWE operates.
It is unclear what changes will be made to WWE as a result of this acquisition, but it is certain that the organization will be affected in some way. Endeavor is one of the largest entertainment companies in the world and its acquisition of WWE could lead to new opportunities for the company and its wrestlers.
The impact of Endeavor’s acquisition of WWE is still unknown, but it is clear that it will have a major effect on the organization and its future. It remains to be seen how this acquisition will affect WWE and its fans, but it is sure to be an interesting journey.