Stephanie McMahon quit WWECo-CEO and was President after her father, Vince is unanimously re-elected as CEO of the company.
Stephanie McMahon returned from leave in July to take over as co-CEO after Vince dropped out amid allegations of sexual misconduct. He told employees on Tuesday that he would resign again when Vince McMahon returns to facilitate a potential sale of the company.
“Words cannot express how proud I am to have helped lead what I consider to be the best company in the world, and I am confident that WWE is perfectly positioned to continue to deliver unparalleled creative content and maximum value for shareholders.” Stephanie McMahon said in a statement.
Stephanie McMahon announced in May that she would be taking a leave of absence from her previous s position as brand president to focus on her family.
Nick Khan, the former co-CEO along with the younger McMahon, will be the sole CEO of the company. Stephanie McMahon’s husband, Paul “Triple H” Levesque, will continue to run WWE’s creative department.
Stephanie McMahon released the following statement via social media announcing her resignation from WWE.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
“I would like to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement on Tuesday. “I will always be grateful that he offered to step in during my absence and I am truly proud of the work he has done as a co-captain in WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have made an immeasurable impact on our brand.”s position as brand president to focus on her family.
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The company’s former CEO and majority shareholder, Vince McMahon, returned to WWE’s board of directors last week and said he would help facilitate the sale of the company.
CNBC previously reported that WWE has been considered a sales target for some time, as the company holds intellectual property rights that could be valuable to its broadcast services, merchandising, and theme park business.
