George Barrios and Michelle Wilson are out as WWE co-presidents and board members, the professional wrestling company said on Thursday.
Frank A. Riddick III, who has served as a member of WWE’s board of directors for more than 11 years, has been named interim chief financial officer, reporting to WWE Chairman & CEO Vince McMahon. WWE says it has commenced a search for both a permanent CFO and chief revenue officer.
“I would like to thank George and Michelle for their 10+ years of service and contributions to the organization,” McMahon said in a statement. “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.”
McMahon continued: “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 fanbase across platforms, increase revenues, and drive shareholder value.”
Riddick previously served as CEO for FloWorks International, LLC, JMC Steel Group, Formica Corporation, and Triangle Pacific Corp., and president/chief operating officer of Armstrong World Industries, Inc.
WWE will report its fourth-quarter and full-year 2019 earnings next Thursday.