Stephanie McMahon resigns from WWE; Vince McMahon Named Executive Chairman

In a statement posted on Twitter, Stephanie McMahon confirmed her resignation from the WWE Tuesday afternoon.

In his letter, he stated that Nick Khan will become the sole CEO of WWE and Paul Levesque will remain the Chief Content Officer. Shortly after McMahon announced his resignation, WWE announced in a press release that the WWE 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 license and take it one step further with my official resignation,” Stephanie wrote in her statement. “I look forward to rooting for WWE from the other side of the business, where I started as 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 would like to express my full support for Stephanie’s personal decision,” Vince McMahon is quoted as saying. in the WWE press release. “I will always be grateful that he offered to step in during my absence and I am truly proud of the job he did co-managing WWE. Stephanie has always been our company’s ultimate ambassador, and her decades of contributions have left an immeasurable impact on our brand.”

“Stephanie McMahon is an excellent 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 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 WWE colleagues to ensure that our company can thrive as the leading powerhouse in sports-entertainment for years to come.”

The shakeups come as Vince McMahon returned to WWE on Friday by removing three members of the WWE Board of Directors and inserting himself, George Barrios and Michelle Wilson as new board members, and two other members of the WWE Board. WWE’s board resigned following the news. He had originally intended to return in December, with the WWE Board of Directors at the time voting unanimously against a return.

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Stephanie McMahon resigns from WWE; Vince McMahon Named Executive Chairman