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Stephanie McMahon resigns as Co-CEO of WWE

Stephanie McMahon resigns as Co-CEO of WWE

 

Touchaheart Nigeria reports that days after her father, Vince, rejoined the board of directors of the corporation, Stephanie McMahon suddenly announced her resignation from her position as Co-CEO of the WWE.

Stephanie, 46, made her decision last night and announced it.

 

She wrote;

“About 8 months ago, I took a leave of absence and within a few weeks, unexpectedly had the opportunity of a lifetime. I had the privilege to return as the Co-CEO and Chairwoman of the Board of WWE.

“I cannot put into words how proud I am to have led what I consider to be the greatest company in the world, working alongside a remarkable leadership team and one of the strongest executives I have known in my Co-CEO, Nick Khan.

“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 will remain dedicated to WWE.

“I truly love our company, our employees, our Superstars, and our fans. And I am grateful to all of our partners. Thank you for everything. Then. Now. Forever. Together.”

In July 2022, Stephanie succeeded her father, who had resigned due to an investigation following allegations of malfeasance.

 

Vince was charged with utilizing WWE finances for “hush money” payments to female employees after engaging in sexual contact with them.

 

However, Vince reappointed himself to the board last week with the goal of aiding in the negotiations for WWE’s upcoming TV deal and looking into the possibility of selling the business.

 

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