FIRST MAJOR WWE DEPARTURE FOLLOWING TKO MERGER REVEALED

The Endeavor deal to create the WWE and UFC merger company TKO was made official Tuesday, September 12.

Following the merger, the companies will now be under one banner as TKO, and the deal has led to many of the company’s top executives receiving payments following the deal.

Now, the first known major departure following the merger has been revealed.

Today, WWE president Nick Khan issued a memo to employees announcing that WWE’s Chief Financial Officer and Chief Administrative Officer Frank Riddick will be departing the company at the end of the month.

Riddick had served on the WWE Board of Directors for over 13 years, where he reported directly to Vince McMahon prior to the merger.

Prior to the TKO merger, Riddick was in charge of the financial planning and analysis, strategy, controllership, investor relations, tax, data analytics, technology, event travel and facilities.

Riddick received a $5 million post-acquisition bonus after the Endeavor deal was finalised Monday.