Vince McMahon Returns As Stephanie McMahon Resigns From WWE
In Breaking News today Stephanie McMahon has resigned from her role as Co-CEO. “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,” said McMahon. This news comes only days after her father Vince McMahon announced his return to the board of directors.
In July 2022 Stephanie McMahon took on the role of Co-CEO of the WWE after her father stepped down. His resignation came after an investigation into alleged acts of misconduct was launched against him.
Vince McMahon shocked the wrestling industry on January 6 2023 with the announcement of his return. He revealed he would be returning to the board of directors to assist with strategic alternatives for the company.
Stephanie McMahon Resigns From WWE
Stephanie McMahon took to social media to announce her resignation from the WWE. In a heart felt message the former Co-CEO revealed in the wake of her fathers return, she felt it was time to return to her leave of absence and resign.
“Dear WWE Universe,
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.” McMahon said in her message.
She continued with a positive reflection of her time. “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.”
Optimistically Stephanie let the WWE Universe know the company is headed in a positive direction. “Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. And with Nick’s leadership and Paul “Triple H” Levesque as Chief Content Officer, l am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders.”
Looking to the future she shared one last thing she’ll share in common with the WWE Universe. “I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan.”
You can read the full social media post below:
Vince McMahon Returns To The WWE
The Breaking News from WWE continued today. Shortly after Stephanie McMahon announced her resignation, it was released that her father Vince McMahon had returned to the Board of Directors.
WWE release a company press statement detailing the further changes to the company. “Today announced that its Board of Directors unanimously elected Vince McMahon Executive Chairman of the Board. Stephanie McMahon has resigned from her roles as Chairwoman and Co-CEO. Nick Khan will serve as WWE CEO.”
Nick Khan even took a moment to share his thoughts on the changes. “Stephanie McMahon is a terrific executive and an even better person. It has been an honor to serve as Co-CEO with her. She will only continue to succeed.”
“I’m grateful to Vince McMahon and our Board of Directors for their ongoing support. I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.”
You can read the full company media release below:
With Stephanie McMahon resigning and Vince McMahon returning the WWE seems to be venturing uncharted familiar waters. Keep an eye on WrestlingRepublic.com for any updates or news on what happens next in the WWE.
(H/T Credit – Stephanie McMahon Twitter Acct)