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Stephanie McMahon on Tuesday introduced she is going to resign as co-CEO of WWE.
McMahon’s departure got here days after it was revealed her father, Vince, supposed to return to the corporate after he retired within the aftermath of misconduct allegations.
She launched a prolonged assertion, saying her father had returned as the manager chair and is main a strategic alternate options course of.
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Stephanie McMahon, chief model officer of WWE, speaks through the Bloomberg Energy Gamers Summit in Los Angeles Feb. 10, 2022. (Lauren Justice/Bloomberg by way of Getty Pictures / Getty Pictures)
“About eight months in the past, I took a go away of absence and inside a couple of weeks, unexpectedly had the chance of a lifetime,” she mentioned in a press release. “I had the privilege to return as Co-CEO and Chairwoman of the Board of WWE. I can’t put into phrases how proud I’m to have led what I contemplate to be the best firm on the earth, working alongside a exceptional management staff and one of many strongest executives I’ve recognized in my Co-CEO, Nick Khan.
“Our Founder, Vince McMahon, has returned as Govt Chair and is main an thrilling course of relating to strategic initiatives. And with Nick’s management and Paul “Triple H” Levesque as Chief Content material Officer, I’m assured WWE is within the excellent place to proceed and supply unparalleled inventive content material and drive most worth for shareholders.
Stephanie McMahon attends Meet the Ladies Dominating Sports activities Media through the 2022 SXSW Convention and Festivals at Hilton Austin March 14, 2022, in Austin, Texas. (Shedrick Pelt/Getty Pictures for SXSW / Getty Pictures)
VINCE MCMAHON IS BACK AT WWE, SHAREHOLDERS HOPE TO BENEFIT
“WWE is in such a powerful place that I’ve determined to return to my go away and take it one step additional with my official resignation.”
Stephanie McMahon is the daughter of Vince and Linda McMahon. She began to work for WWE when she was 13 and commenced showing on air for the corporate in 1999. In 2006, she grew to become senior vp of inventive writing and was the chief model officer from 2013 to 2022 earlier than taking a go away of absence and later changing into co-CEO.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| WWE | WORLD WRESTLING ENTERTAINMENT INC. | 90.23 | +2.42 | +2.76% |
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WWE Chairman and CEO Vince McMahon attends a press convention to announce a significant worldwide occasion, WrestleMania XXIX, at MetLife Stadium Feb 16, 2012, in East Rutherford, N.J. (John W. Ferguson/WireImage / Getty Pictures)
She married Levesque, famously referred to as Triple H, in 2003.
