Stephanie announced her decision via Twitter on Tuesday. Check out why WWE Co-ceo Stephanie McMahon Resigns.
WWE Co-ceo Stephanie McMahon Resigns.
WWE Chairwoman & Co-CEO Stephanie McMahon took to Twitter this evening to announce her resignation from the company. Nick Khan is now the sole CEO of WWE.
Stephanie’s resignation comes less than one week after her father, Vince McMahon, returned to the Board of Directors to lead a sale of the company.
Vince retired back in the summer following allegations of misconduct and a Special Committee investigation by the Board of Directors, but he told people he wanted to return as he was originally given bad advice to step down.
Nick Khan, formerly Stephanie’s counterpart as Co-CEO, now holds the title of sole WWE CEO, per the company’s official corporate website. In addition, Vince McMahon has been elected as Executive Chairman of the Board, per a unanimous vote of the Board of Directors.
Vince stated his “full support” in the decision made by his daughter. “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,” he stated. “Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand.”
Statements made by both Vince McMahon and Nick Khan indicate mutual positivity and praise, as they both aim to ensure the success of the WWE.
Vince has remained the largest shareholder with voting power, despite the retirement in late July.
It has been over eight months with McMahon and Khan as the Co-CEOs of WWE. Unfortunately, her time as the Chairwoman ended with the company as she announced her leave and resigned from the company.
Meanwhile, Triple H still retains his role as the Chief Content Officer and will be the creative head of the weekly product across all three brands.
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