WWE is Growing, Even the BOARD
WWE Expands Board
August 7, 2008
STAMFORD, Conn., August 7, 2008 - World Wrestling Entertainment Inc. (NYSE:WWE) today announced it has expanded its Board of Directors to 10 members with the addition of Kevin Dunn, Frank A. Riddick, III and Jeffrey R. Speed.In accordance with his previously announced plans, Robert Bowman has resigned from the Board.
Riddick will now chair the Company’s Audit Committee. Other members of the committee will be Speed and current Board members David Kenin and Michael Solomon.
“These three outstanding executives bring extensive operating experience and financial acumen to our expanded Board of Directors,” said WWE Chairman Vince McMahon. “With their addition, we enhance our ability to meet the challenges of continued global expansion and to capitalize on the future opportunities for our company and brand.”
Dunn has served as WWE’s Executive Vice President, Television Production, since July 2003. In his current position running WWE’s pivotal television business, he manages WWE’s television and production facilities, including a team of approximately 165 people that produce five hours of fresh, prime time television programming each week for U.S. networks and nine hours of original programming for markets in 130 countries, as well as content for DVDs, pay-per-views, and video on demand.
Riddick is a consultant to TowerBrook Capital Partners, L.P. (“TowerBrook”), a New York and London – based private equity firm. Riddick is a director of GrafTech International Ltd. Prior to joining TowerBrook, he served as President and Chief Executive Officer of Formica Corporation, a manufacturer of surfacing materials used in countertops, cabinets, and flooring from January 2002 to April 2008. He served as President and Chief Operating Officer of Armstrong Holdings, Inc. from 2000 to 2001 and as Chief Financial Officer at Armstrong and its subsidiaries from 1995 to 2000.
Speed has served as Executive Vice President and Chief Financial Officer for Six Flags, Inc., the world’s largest regional theme park operator, since April 2006. Prior to joining Six Flags, Mr. Speed spent approximately 13 years with The Walt Disney Company, most recently serving from 2003 until 2006 as Senior Vice President and Chief Financial Officer for Euro Disney SAS, the publicly-traded operator of the Disneyland Resort Paris, which is the number one tourist destination in Europe.
Leave a Reply