WWE has replaced its two top executives as George Barrios and Michelle Wilson have been forced out of their roles as co-presidents after 2019 earnings came in at the low end of estimates, the company announced Thursday. The two will also no longer serve on the company's board of directors effective immediately.
Shares of WWE plunged as much as 14% to $53.30 in extended trading after the company announced its high-level personnel decisions.
Frank A. Riddick III, a longtime WWE board member will be the interim Chief Financial Officer and will report to WWE chairman & CEO Vince McMahon.