Stephanie McMahon Resigns From WWE, Vince McMahon Named Executive Chairman

WWE

*** UPDATE – WWE has reportedly been sold to the Saudi Arabian Public Investment Fund with plans to take the company private – read more at this link ***

Stephanie McMahon tweeted the following statement:

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. 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.

Our 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, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders.

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 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 employees, our Superstars, and our fans. And I am grateful to all of our partners.

Thank you for everything. Then. Now. Forever. Together.

-Steph

Stephanie’s resignation makes Nick Khan the sole CEO of World Wrestling Entertainment, while Vince McMahon has been elected by the Board of Directors as Executive Chairman.

WWE, Vince McMahon and Nick Khan have addressed the changes to the company following Stephanie’s resignation, which you can read here.

Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv

— Stephanie McMahon (@StephMcMahon) January 10, 2023

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