It’s only been a few days since the announcement of Vince McMahon’s official return to the WWE Board of Directors and major changes have occurred within the company as dominoes continue to fall. The latest word is that his daughter Stephanie McMahon, who has taken over as co-CEO and chair of the board, has stepped down from all of her positions.
She confirmed this in a tweet she posted on Twitter a while ago:
then. right Now. forever. together. pic.twitter.com/8dqr5reIiv
– Stephanie McMahon (@StephMcMahon) January 10, 2023
A press release came from WWE stating that Vince McMahon had been unanimously elected CEO of the Board of Directors, with Nick Khan serving as CEO:
Stamford, Connecticut, January 10, 2023WWE (NYSE: WWE) announced today that its Board of Directors has unanimously elected Vince McMahon as Executive Chairman of the Board.
Stephanie McMahon has resigned as President and Co-CEO.
Nick Khan will serve as the CEO of WWE.
“First, I would like to express my full support for Stephanie’s personal decision. I will forever be grateful that she offered to step in during my absence and I am truly proud of the job I’ve been involved in helming WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have made an immeasurable impact on our brand. commercial.
“I am proud to announce that Nick Khan will be the CEO of WWE. Nick’s business acumen and mastery in the media industry have helped propel our business to record revenue and profitability. Together, we look forward to working with the Board of Directors at this critical moment to review our strategic alternatives and maximize value for all WWE shareholders. “.
“I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident that WWE is perfectly positioned to continue to deliver unparalleled creative content and maximize shareholder value.”
Stephanie McMahon is an amazing CEO and an even better person. It has been an honor to work with her as Co-CEO. She will only continue to be successful.
“I am grateful to Vince McMahon and our Board of Directors for their continued support. I look forward to continuing to work closely with them and my colleagues at WWE to ensure our company thrives as the number one force in sports entertainment for years to come.”