TKO Group Holdings has continued to make waves with the hiring of a new Chief Legal and Administrative Officer.
TKO Group Holdings was launched in September of 2023 and consists of WWE and UFC. In April 2023, it was announced that Endeavor was set to acquire WWE as part of a $9.3 billion deal. Shortly after TKO launched, over 100 employees would be let go from WWE as part of streamlining measures with UFC. It wasn’t long after that WWE released Superstars with Dolph Ziggler, Matt Riddle, and Mustafa Ali all being let go.
TKO Group Holding’s New Hiring
Seth Krauss has been brought on board as the new Chief Legal and Administrative Officer of TKO Group Holdings, the company revealed in a statement. Krauss’ Term Employment Agreement is effective from January 1, 2024 and expires on December 31, 2027. The agreement states that Mr. Krauss may continue to provide services in his role and position at Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, and their respective subsidiaries. Krauss will report to TKO’s President or Chief Operating Officer Mark Shapiro.
Krauss will be paid an annual base salary of $2,000,000 for the term.
Krauss will also be eligible for a discretionary annual bonus in respect of fiscal year. This annual bonus will be based on the achievement of performance metrics based on TKO performance, as determined by the Governing Body in good faith.
Krauss will be hoping to have a better start in TKO than WWE’s replacement for Kevin Dunn…