Stephanie McMahon resigns as WWE co-CEO, Vince McMahon named executive chairman
Posted: Jan 10th, '23, 22:02
https://www.f4wonline.com/news/wwe/step ... e-chairman
Bryan Rose
3 hours ago
Stephanie McMahon has resigned from WWE, and Vince McMahon has been named executive chairman.
In a statement posted to Twitter, McMahon confirmed her resignation from WWE on Tuesday afternoon. In her letter, she stated that Nick Khan will become the sole CEO of WWE and Paul Levesque will remain Chief Content Officer. Soon after McMahon announced her resignation, WWE announced in a press release that WWE’s board of Directors had unanimously voted Vince McMahon as executive chairman of the board.
“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,” Stephanie wrote in her statement. “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. I will always remain dedicated to WWE. I truly love our company, our Superstars, our fans, and our employees.”
“First, I’d like to express my full support for Stephanie’s personal decision," Vince McMahon is quoted as saying in WWE's press release. "I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand."
“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,” Khan is quoted as saying. “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.”
The shake-ups come as Vince McMahon on Friday returned to WWE by removing three members of WWE’s Board of Directors and inserting himself, George Barrios, and Michelle Wilson as new members of the board, with two other members of WWE’s board resigning upon the news. He had originally attempted to return in December, with WWE's Board of Directors at the time unanimously voting against a return.
Bryan Rose
3 hours ago
Stephanie McMahon has resigned from WWE, and Vince McMahon has been named executive chairman.
In a statement posted to Twitter, McMahon confirmed her resignation from WWE on Tuesday afternoon. In her letter, she stated that Nick Khan will become the sole CEO of WWE and Paul Levesque will remain Chief Content Officer. Soon after McMahon announced her resignation, WWE announced in a press release that WWE’s board of Directors had unanimously voted Vince McMahon as executive chairman of the board.
“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,” Stephanie wrote in her statement. “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. I will always remain dedicated to WWE. I truly love our company, our Superstars, our fans, and our employees.”
“First, I’d like to express my full support for Stephanie’s personal decision," Vince McMahon is quoted as saying in WWE's press release. "I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand."
“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,” Khan is quoted as saying. “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.”
The shake-ups come as Vince McMahon on Friday returned to WWE by removing three members of WWE’s Board of Directors and inserting himself, George Barrios, and Michelle Wilson as new members of the board, with two other members of WWE’s board resigning upon the news. He had originally attempted to return in December, with WWE's Board of Directors at the time unanimously voting against a return.