On Tuesday, an official announcement was made regarding Endeavor’s merger of WWE and UFC into TKO. Today, WWE President Nick Khan stated in an email to employees that executive Frank Riddick III will be departing the company at the end of the month.
Khan wrote the following…
“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 had been on the WWE Board of Directors over 13 years and reported directly to Vince McMahon prior to the Endeavor merger. Yesterday, Riddick received a post-acquisition bonus of $5 million.