WWE Management Shake-up, Barrios and Wilson Gone

[cero2k]

Source: f4wonline.com

WWE announced a big management shakeup today, with two members of their leadership no longer with the company.

A press release that was issued this afternoon revealed that co-presidents George Barrios and Michelle Wilson are gone from WWE effective immediately and will no longer serve on the company's board of directors.

“I would like to thank George and Michelle for their 10+ years of service and contributions to the organization,” Vince McMahon said in the press release. “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 noted that Frank A. Riddick III has been named the company's interim Chief Financial Officer. The company has begun a search for a permanent Chief Financial Officer and Chief Revenue Officer.

Riddick has been on WWE's board of directors for more than 11 years.

Barrios and Wilson were promoted to co-presidents and appointed to WWE's board of directors in 2018.

As of this writing, WWE stock is down 20 percent in after hours trading.

WWE will announce their fourth quarter and full year 2019 earnings results next Thursday.

[cero2k]

this is legit

[cero2k]

[Big Red Machine]

Has anyone actually explained what these two did in terms of affecting the core business or the bottom line revenues? It always seemed to me that they were just hired to be non-wrestling people in executive positions who Wall Street people would take seriously.

[cero2k]

Has anyone actually explained what these two did in terms of affecting the core business or the bottom line revenues? It always seemed to me that they were just hired to be non-wrestling people in executive positions who Wall Street people would take seriously.

Wilson was marketing and expansion i think, Barrios is an accountant, but i'm not sure if he was focused on something particular, but probably all of WWE's financials.

[Bob-O]

Vince McMahon said in the press release. “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.

Meltz says scapegoats.

I'm reading this as somebody either called Vince out on what a Money Pit the XFL is going to be, or somebody decided the Saudi deal isn't within their moral compass anymore.

Regardless, I was wondering who made a visual graph of my boner for the ladies rumble up until Tamina came out, as I should be the only one with that information and I don't remember making one...



...but I realized what it actually was. Holy crap...

on the plus side, if they start the next graph where this one leaves off, they're going to look very successful!