Stephanie McMahon announced her resignation as co-CEO of WWE on Tuesday night, less than a week after her father, Vince McMahon, retired and returned as chairman of the board.
Stephanie McMahon also served as chairman of the publicly traded company until her father returned home on Friday. She shared co-CEO duties with current WWE sole CEO Nick Karn. Her husband, his WWE Hall of Famer Paul “Triple H” Levesque, has been in charge of creatives since 1982. Vince, who has been in charge of creatives since 1982, promotes her storyline on WWE’s weekly television after his McMahon initially resigns. He holds his position as a person. Company in July.
In a statement posted on Twitter, Stephanie McMahon said, “With Nick’s leadership and Paul ‘Triple H’ Levesque as Chief Content Officer, WWE will continue to deliver unparalleled creative content and maximize value for our shareholders.” We’re sure we’re in the perfect place to continue bringing in her 3.2 million followers.
“WWE is in such a powerful position that I have decided to go back on vacation and take it one step further with my formal resignation. Little kid as a pure fan.”
Vince McMahon’s retirement in July came on the heels of sexual misconduct allegations, including non-disclosure agreement payments. We were unable to record the expense.
In a statement announcing his return Thursday, Vince McMahon said the move was made to “fully take advantage” of WWE’s upcoming media rights negotiations. Raw’ and ‘Friday Night SmackDown’ contracts with USA and Fox expire next year.
Vince McMahon said, “I fully support Stephanie’s personal decision. I will forever be grateful that she offered to intervene in my absence and that she has co-led WWE.” I’m really proud of my job,” he said. bought her company from her father in 1982. “Stephanie has always been our ultimate ambassador and her decades of contributions have left an immeasurable impact on our brand.
Vince McMahon added of Khan: Worthwhile for all WWE shareholders. ”
These strategic alternatives could lead to a sale of the company ahead of media rights negotiations. welcomed to
Stephanie McMahon was a longtime staple of WWE as an on-screen authority figure, often alongside her father and husband Triple H.
Stephanie McMahon returned three weeks later to help guide the company through the controversy surrounding her father. With him back, she decided to leave again.
“Stephanie McMahon is a great executive and an even better person,” said Khan, who negotiated WWE’s current media rights deal as an agent for the CAA before joining WWE as president. It was an honor to serve as Co-CEO and I hope she continues to be successful.
“We are grateful to Vince McMahon and the Board of Directors for their continued support. We will continue to work closely with them and our colleagues at WWE to ensure our company thrives as a premier powerhouse in sports entertainment for years to come.” I look forward to doing it.”
