Stephanie McMahon is resigning from her position as Co-CEO of the WWE … simply days after her father, Vince, made his return to the corporate’s board of administrators.
The 46-year-old made the stunning announcement simply minutes in the past … releasing a prolonged assertion on her determination to stroll away.
“About 8 months in the past, I took a go away of absence and inside a couple of weeks, unexpectedly had the chance of a lifetime,” McMahon stated. “I had the privilege to return because the Co-CEO and Chairwoman of the Board of WWE.”
Steph took over for her dad in July 2022 … after he resigned amid an investigation into alleged misconduct. Vince was accused of utilizing WWE funds to pay feminine staff “hush cash” after having sexual relationships with them.
“I can not put into phrases how proud I’m to have led what I contemplate to be the best firm on the planet, working alongside a exceptional management crew and one of many strongest executives I’ve recognized in my Co-CEO, Nick Khan,” McMahon added.
As we beforehand reported, Vince appointed himself again on the board on Friday with the intention to assist negotiate WWE’s impending TV deal … and discover a possible sale of the corporate.
Stephanie says her dad is taking the lead throughout an “thrilling” time for the corporate because it explores strategic alternate options … and with Khan and Triple H on board, she believes WWE is in an incredible spot to maintain pumping out nice content material and enhance worth for shareholders.
“WWE is in such a robust place, that I’ve determined to return to my go away and take it one step additional with my official resignation,” McMahon stated … including she’s going to proceed to assist the corporate — simply as she did when she was just a little lady — and can “stay devoted to WWE.”
“I actually love our firm, our staff, our Superstars, and our followers,” she added. “And I’m grateful to all of our companions. Thank you for all the pieces. Then. Now. Forever. Together.”
Khan will now function sole CEO of the corporate.
