Stephanie McMahon resigns from WWE as her father, Vince McMahon returns as executive chairman
Stephanie McMahon resigned from her positions as co-chief executive officer and chairwoman of WWE, just a week after her father Vince McMahon announced his intention to return to the company.
Stephanie McMahon, along with the previous president of WWE Nick Khan, took over the company when his father Vince McMahon resigned from his position as Chief Executive Officer of WWE in July of last year due to multiple allegations of sexual misconduct.
Nick Khan is now the company’s sole Chief Executive Officer as a result of Stephanie’s resignation and Vince’s position as Executive Chairman. Paul Levesque, better known by his ring name Triple H, continues to serve as the chief content officer of the company.
Following the controversial return of Vince McMahon to the WWE as Executive Chair, his daughter Stephanie McMahon announced she is officially resigning as Co-CEO. pic.twitter.com/bhbUnAS3F7
— IGN (@IGN) January 11, 2023
Following nearly four decades at the helm of the company, Vince stepped down to allow Stephanie to serve as co-CEO while an investigation was conducted into whether or not he had made improper payments to multiple women with whom he had an affair. Stephanie’s departure from the company was confirmed in a brief statement that was posted on her social media.
“I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders,” Stephanie said.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
Stephanie is confident that the company is in an even better position than it has ever been, and she is confident that under the leadership of her father as Executive Chairman and her husband Triple H as Chief Content Officer, the company will continue to make progress in the years to come.
“WWE is in such a strong position that I have decided to return to my leave and take it one step further with my official resignation. I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan.” Stephanie added in her statement.
Vince, the former CEO, posted a retirement announcement on Twitter on July 23, 2022, saying, “At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever.” Together.” However, Vince did not remain retired for more than six months. Vince yesterday released a statement in which he thanked his daughter for her unwavering devotion to the company and expressed his best wishes for her.
“I’d like to express my full support for Stephanie’s personal decision. I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand.” Vince said in a statement. Vince said.
Former WWE president and current WWE CEO Nick Khan has also advanced his best wishes to Stephanie and made a comment on how rewarding it was to work for the company alongside her.
And as of right now Nick Khan is the sole CEO of WWE. pic.twitter.com/pfXKjCoa7C
— Wrestle Ops (@WrestleOps) January 10, 2023
“Stephanie McMahon is a terrific executive and an even better person. It has been an honor to serve as co-CEO with her. She will only continue to succeed. I’m grateful to Vince McMahon and our Board of Directors for their ongoing support. I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.” said Nick in a statement.
Are you excited about Vince McMahon’s return to WWE , and do you think the company will thrive again with his leadership?
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