Triple H To Be REMOVED From WWE Board Of Directors
Paul 'Triple H' Levesque NOT on WWE's new Board of Directors following Endeavor takeover.
Paul 'Triple H' Levesque will not feature on WWE's new Board of Directors once Endeavor's deal to purchase the market-leading promotion closes in September.
An SEC filing posted on Thursday lists 10 of the 11 board members for TKO Group Holdings, the newco founded through WWE's merger with the Endeavor-owned mixed martial arts leaders, the UFC. Six members were selected by Endeavor, and five by WWE - including the vacant spot, which is yet to be selected.
- Vincent K. McMahon (WWE), 77
- Ariel Emmanuel (Endeavor), 62
- Egon P. Durban (Endeavor), 49
- Nick Khan (WWE), 48
- Steven R. Koonin (WWE), 66
- Jonathan A. Kraft (Endeavor), 59
- Sonya E. Medina (Endeavor), 47
- Mark Shapiro (Endeavor), 53
- Nancy R. Tellem (WWE), 70
- Carrie Wheeler (Endeavor), 51
The SEC filing notes:-
"Under the terms of the transaction agreement, upon the completion of the Transactions, the New PubCo Board will consist of 11 members who will be determined prior to the Closing, five of whom will be selected by WWE, of whom (x) two will be members of the WWE management team (one of whom will be Mr. McMahon) and (y) three will be independent, and six of whom will be selected by Endeavor, of whom (x) three will be members of the Endeavor management team or Endeavor directors (one of whom will be Mr. Emanuel) and (y) three will be independent."
Levesque currently sits on WWE's Board of Directors in his Chief Content Officer role.
Endeavor's purchase of WWE is expected to close in mid-September, when it will likely be followed by a cost-cutting period, as indicated by Ariel Emmanuel during Endeavor's Q2 2023 financial results reporting.