Stephanie McMahon resigns from WWE

Stephanie McMahon announced her resignation as co-CEO and chairwoman of the board of WWE. The move comes less than one week after her father, Vince McMahon, returned as chairman of the board.

Nick Khan, who had been serving as co-CEO with Stephanie McMahon, was named sole CEO. Stephanie’s husband, Paul “Triple H” Levesque, remains in place as the person driving WWE’s storylines.

Stephanie released a lengthy statement, saying her father had returned as the executive chair and is leading a strategic alternatives process.

“About eight months ago, I took a leave of absence and within a few weeks, unexpectedly had the opportunity of a lifetime,” she said in a statement. “I had the privilege to return as Co-CEO and Chairwoman of the Board of WWE. I cannot put into words how proud I am to have led what I consider to be the greatest company in the world, working alongside a remarkable leadership team and one of the strongest executives I have known in my Co-CEO, Nick Khan.

“Our Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. And with Nick’s leadership and Paul ‘Triple H‘ Levesque as Chief Content Officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders. WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation.”

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