Following the official acquisition of WWE by the Endeavor Group on Tuesday, a notable name is about to depart from the organization.
Endeavor Group now holds ownership of both the UFC and WWE, with Vince McMahon overseeing the wrestling division and Triple H serving as the head of creative.
According to a report from 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 to WWE staff by WWE President Nick Khan via a memo on Wednesday.
Riddick’s departure is the first publicly known departure following the company’s merger with the UFC.
For 13 years, Riddick had been employed by WWE, during which time he held a position on the organization’s Board of Directors until the year 2021 before transitioning into his current role.
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Following the recent acquisition of WWE by the Endeavor Group, a significant departure is set to take place within the organization. Endeavor Group now holds ownership of both the UFC and WWE, with Vince McMahon overseeing the wrestling division and Triple H serving as the head of creative.
According to a report from 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 with WWE staff by WWE President Nick Khan via a memo on Wednesday.
Riddick’s departure marks the first publicly known exit following the company’s merger with the UFC. Riddick had been employed by WWE for 13 years, during which time he held a position on the organization’s Board of Directors until 2021 before transitioning into his current role.
The departure of a high-ranking executive like Riddick can have significant implications for an organization. As the CFO and CAO, Riddick played a crucial role in managing WWE’s financial operations and administrative functions. His departure may lead to changes in the company’s financial strategies and overall management structure.
It is unclear at this point who will succeed Riddick in his role or what impact his departure will have on WWE’s future plans. However, with the Endeavor Group now at the helm, it is expected that they will bring their expertise and resources to further enhance WWE’s position in the entertainment industry.
The acquisition of WWE by the Endeavor Group represents a significant development in the world of professional wrestling. With ownership of both the UFC and WWE, Endeavor Group has solidified its position as a major player in combat sports and entertainment. This merger opens up new opportunities for cross-promotion and collaboration between the two organizations, potentially leading to exciting developments for fans of both sports.
As fans eagerly await further news and updates on the aftermath of the acquisition, it is essential to stay informed. Websites like eWrestlingNews.com provide comprehensive coverage of all wrestling news, including the latest developments in WWE. Additionally, following their social media pages on Twitter and Facebook ensures that fans stay up to date with the latest happenings in the world of professional wrestling.
In conclusion, the departure of Frank A. Riddick, the CFO and CAO of WWE, following the organization’s acquisition by the Endeavor Group, marks a significant change within the company. As WWE continues to navigate this new chapter under new ownership, fans can expect exciting developments and collaborations between WWE and the UFC. Staying informed through reliable sources like eWrestlingNews.com will ensure that fans don’t miss out on any updates or announcements.