WWE Names New Company President

Vince McMahon’s shocking retirement from WWE prompted the higher-ups to make sudden changes to the hierarchy. The former CEO named Stephanie McMahon and Nick Khan as co-CEO’s. Now the company has finally named its new president.

According to the latest Securities and Exchange Commission filing, WWE has named Chief Financial Officer and Chief Administrative Officer Frank A. Riddick as their new president. Riddick’s annual base salary has increased from $850,000 to $950,000 as well.

The SEC filing further states that Riddick’s annual target bonus opportunity now stands at 125% and he is entitled to an annual equity grant of $2.4 million. Riddick gets the new portfolio in addition to his responsibilities as CFO. For those not in the know, Nick Khan used to be the President of WWE. 

Triple H, Stephanie McMahon and Nick Khan received increments as well. Stephanie McMahon’s base annual salary of $730,000 increased to $1.35 million. Triple H’s base annual salary also jumped to $900,000 from $730,000.

What’s your take on this big change for WWE? Sound off in the comments!