WWE Confirm Details Of Separation Agreement With Former CFO Kristina Salen
Salen departed WWE on November 5
Nov 29, 2021
The terms of WWE's separation agreement with former Chief Financial Officer Kristina Salen have been made public in a SEC Filing.
The disclosure - which was made public on Friday 26 November and can be viewed in full here- reveals that Salen and WWE came to an agreement regarding her departure from the promotion on Tuesday 23 November.
Under the terms of the deal, Salen will receive one year's salary and will also continue to receive health benefits for the same duration. In addition, Salen will also receive a cash payment estimated at $413,000 for forfeited stock units and will also be eligible for a bonus with a current estimated worth of $431,200, which can be given at the discretion of the WWE Board of Directors.
Salen served as WWE's Chief Financial Officer from August 2020 until earlier this month. Her departure from the role was announced on November 5, just a few hours after she participated in the company's Third Quarter Earnings Investors Call.
She has been succeeded in the role by former interim CFO, and WWE Board of Directors member, Frank Riddick.
