WWE Co-Presidents Ousted In Major Executive Shakeup

In a press release issued Thursday, WWE announced the immediate release of company Co-Presidents George Barrios and Michelle Wilson. In the interim, Frank A. Riddick III has been appointed the role of Chief Financial Officer while WWE searches for a new replacement, as well as a new Chief Revenue Officer.

Vince McMahon issued the following statement:

“I would like to thank George and Michelle for their 10+ years of service and contributions to the organization. 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. 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.”

WWE will be announcing their 2019 fourth quarter and full year numbers next week.