Stephanie McMahon
WWE
It’s a story with enough twists and turns to be on WWE television. Stephanie McMahon on Tuesday resigned from her position as co-CEO of WWE, the pro-wrestling megacorporation her father built. McMahon’s resignation was announced on Twitter, and follows Vince McMahon’s return to the company. Vince McMahon himself resigned last July amid a sexual misconduct allegations, but on Tuesday was named executive chairman of WWE’s board.
“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,” Stephanie McMahon wrote. “I have decided to return to my leave and take it one step further with my official resignation.”
Stephanie McMahon has been an on-and-off character on WWE TV since the late ’90s, but her most important positions in the company have been behind the scenes. McMahon has at various points served as the vice president of creative, the chief brand officer and, following her father’s departure last July, Co-CEO alongside Nick Khan.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
The initial fall of Vince McMahon began last June, when the Wall Street Journal reported that WWE’s board was investigating a $3 million settlement he’d allegedly agreed to pay an employee with whom he’d purportedly had an affair. The Journal followed with a report in July that McMahon had allegedly paid more than $12 million to four different women associated with the WWE to suppress accusations of sexual misconduct and infidelity.
In July, McMahon abruptly announced his decision to retire. “At 77, time for me to retire. Thank you, WWE Universe,” he wrote on Twitter.
More to come…