World Wrestling Entertainment Executive Producer Kevin Dunn was named to
the WWE Board of Directors today as Major League Baseball Internet head honcho
Bob Bowman left the Board. This was just one of the many moves made in the land
of Vince McMahon.
World Wrestling Entertainment Inc. (STOCK SYMBOL: WWE) 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.
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