Dwayne Johnson Appointed Board Member of WWE Parent TKO Group

Dwayne Johnson Appointed Board Member , of WWE Parent TKO Group.

Johnson joined the board of directors on Jan.

23, ESPN reports.

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TKO Group oversees both the UFC and WWE.

TKO Group oversees both the UFC and WWE.

Johnson was also given complete ownership of "The Rock" trademark.

His trademark wrestling nickname was previously owned by WWE, ESPN reports.

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According to a release, the 51-year-old signed a new agreement with WWE "that provides for his promotional, licensing and other services.".

Very few people on the planet understand the convergence of sports, entertainment, media and business like 'Rock.', TKO executive chairman Vince McMahon, via statement.

We are proud to have him join the TKO board to help take our company to new heights, TKO executive chairman Vince McMahon, via statement.

Johnson also issued a statement.

Being on the TKO Board of Directors, and taking full ownership of my name, 'The Rock,' is not only unprecedented, but incredibly inspiring as my crazy life is coming full circle, Dwayne Johnson, via statement.

I'm very motivated to help continue to globally expand our TKO, WWE and UFC businesses as the worldwide leaders in sports and entertainment -- , Dwayne Johnson, via statement.

... while proudly representing so many phenomenal athletes and performers who show up every day putting in the hard work with their own two hands to make their dreams come true and deliver for our audiences.

, Dwayne Johnson, via statement.

I've been there, I'm still there and this is for them, Dwayne Johnson, via statement