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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 surprising announcement simply minutes in the past … releasing a prolonged assertion on her choice to stroll away.
“About 8 months in the past, I took a depart of absence and inside a couple of weeks, unexpectedly had the chance of a lifetime,” McMahon mentioned. “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 workers  “hush cash” after having sexual relationships with them.
“I can’t put into phrases how proud I’m to have led what I think about to be the best firm on the earth, working alongside a exceptional management crew and one of many strongest executives I’ve identified 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 options … and with Khan and Triple H on board, she believes WWE is in an amazing spot to maintain pumping out nice content material and enhance worth for shareholders.
“WWE is in such a powerful place, that I’ve determined to return to my depart and take it one step additional with my official resignation,” McMahon mentioned … including she is 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 really love our firm, our workers, our Superstars, and our followers,” she added. “And I’m grateful to all of our companions. Thank you for every thing. Then. Now. Forever. Together.”
Khan will now function sole CEO of the corporate.
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