Kemo
09-14-2023, 07:56 AM
The new era of WWE as part of TKO Group Holdings will go ahead without one of the wrestling promotion's key figures.
The blockbuster deal for WWE to be acquired by Endeavor was finalized this week, with TKO Group Holdings launching at a ceremony on Wall Street that included names from WWE, UFC, and Endeavor.
Fightful Select reports that in a memo sent by Nick Khan to employees, the WWE CEO announced the departure of WWE Chief Financial Officer Frank A. Riddick III. Riddick will be leaving WWE following the launch of TKO Group Holdings at the end of this month. Khan writes:
"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 this 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."
Riddick was appointed WWE's CFO in November 2021, replacing the departing Kristina Salen, and was appointed WWE President last year. He had previously served as interim FO in 2020. Under the role, Riddick has overseen financial planning & analysis, strategy, controllership, investor relations, tax, data analytics, technology, event travel, and facilities. Before coming to WWE, Riddick served as CEO for FloWorks International, LLC, JMC Steel Group, Formica Corporation, and Triangle Pacific Corp., and President/COO of Armstrong World Industries, Inc.
The blockbuster deal for WWE to be acquired by Endeavor was finalized this week, with TKO Group Holdings launching at a ceremony on Wall Street that included names from WWE, UFC, and Endeavor.
Fightful Select reports that in a memo sent by Nick Khan to employees, the WWE CEO announced the departure of WWE Chief Financial Officer Frank A. Riddick III. Riddick will be leaving WWE following the launch of TKO Group Holdings at the end of this month. Khan writes:
"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 this 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."
Riddick was appointed WWE's CFO in November 2021, replacing the departing Kristina Salen, and was appointed WWE President last year. He had previously served as interim FO in 2020. Under the role, Riddick has overseen financial planning & analysis, strategy, controllership, investor relations, tax, data analytics, technology, event travel, and facilities. Before coming to WWE, Riddick served as CEO for FloWorks International, LLC, JMC Steel Group, Formica Corporation, and Triangle Pacific Corp., and President/COO of Armstrong World Industries, Inc.