Stephanie McMahon said Tuesday she’s stepping down as co-CEO of WWE, the week after her father Vince announced plans to return as executive chairman to oversee the next round of rights deals and a possible sale.

The younger McMahon made the announcement via Twitter. Former longtime CEO Vince McMahon resigned in July amid a scandal over payouts to women. Upon his re-entrance last week, he rejiggered the company’s board of directors — adding himself and two allies and ejecting three other directors — but said he would leave management intact. He’s WWE’s controlling shareholder with an 80% stake.

Stephanie McMahon said she’s leaving the company in good hands with co-CEO Nick Khan and head of content, Paul Levesque. Full tweet below.

MORE

Business

Products You May Like

Articles You May Like

Runners and riders to replace Zahawi as Sunak prepares to reshuffle cabinet
‘Blood will be on hands’ of Congress if bill limiting police officer immunity not passed, Tyre Nichols’ mum says
Samsung Galaxy S23, Galaxy S23+, Galaxy S23 Ultra Price in India Revealed: All Details
Dave Bautista’s New Movie ‘Knock at the Cabin’ Aiming to Sink ‘Avatar’
Bruce Springsteen Ticket Prices Cause ‘Backstreets’ Fanzine To Shutter In Protest

Leave a Reply

Your email address will not be published. Required fields are marked *