LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada.
Jeff Bottari | UFC | Getty Images
Stephanie McMahon resigns WWE The co-chief executive officer and chairman was unanimously re-elected as executive chairman of the company, succeeding his father Vince.
Stephanie McMahon returned from vacation in July to take over as co-CEO after Vince Retired amid allegations of sexual misconduct. She informed the staff on Tuesday that she is stepping down again because Vince McMahon is back. Facilitating the potential sale of the company.
“Words cannot express how proud I am to help lead the world’s greatest company and I believe WWE is the perfect fit to continue providing unique creative content and drive maximum value for shareholders.” is in position.” Stephanie McMahon said in a statement.
Co-CEO Nick Khan, along with the younger McMahon, will serve as the sole CEO of the company. Stephanie McMahon’s husband, Paul “Triple H” Levesque, will continue to run WWE’s creative division.
Stephanie McMahon announced in May that she was taking a leave of absence From his former role as Chief Brand Officer to focus on his family.
“I want to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement Tuesday. “I will always be grateful that she offered to step in during my absence and I am truly proud of the work she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions has left me. An immeasurable impact on our brand.”
Vince McMahon, the former CEO and controlling shareholder of the company, joined WWE’s board of directors last week and said he would help facilitate the sale of the company.
WWE has been considered a sale target for some time, CNBC previously reported, because the company owns intellectual property that could be valuable to the streaming service, merchandising and theme park businesses.
The company has hired JP Morgan to advise on the potential sale. CNBC had earlier reported,
— CNBC’s Lillian Rizzo contributed to this article.
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