Barstool Sports CEO Erika Nardini steps down from the WWE board of directors

Barstool Sports Chief Erika Nardini has stepped down from WWE’s board.

WWE reported the news in a 8K filing with the SEC Friday afternoon. The organization said that the news was connected with Penn Entertainment obtaining the full stake of Barstool Sports, and that she “will be focused on the next chapter of this business and partnership.”

“Ms. Ayers Nardini’s decision to resign from the Board was not due to any dispute or disagreement with the Company, its management or any matter relating to the Company’s operations, policies or practices,” WWE said in the filing.

“Penn Entertainment acquisition is imminent and I have a lot to do here,” she said.

Nardini was named CEO of Barstool in 2016, when it was owned by The Chernin Group. The Chernin Group sold 36% of Barstool to Penn for $163 million. In the deal, Penn had the option to purchase the entire organization at a valuation of $450 million; the casino gaming group formally exercised that option in August.

Nardini was on WWE’s board for somewhat under two years — she had joined it in October of 2020.