Stephanie McMahon

Stephanie McMahon resigns as WWE co-CEO; Vince McMahon returns as executive chairman

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Stephanie McMahon returned from a leave of absence in July to take over as co-CEO. When her father retired amid sexual misconduct allegations.

Stephanie McMahon resigns as WWE co-CEO; Vince McMahon returns as executive chairman

Stephanie McMahon has stepped down as WWE co-CEO and chairwoman. After her father Vince was unanimously re-elected as the company’s executive chairman.
 
Stephanie McMahon returned from a leave of absence in July to take over as co-CEO. After Vince McMahon retired amid sexual misconduct allegations.
 
He told employees on Tuesday that he was resigning again. Because, Vince McMahon was returning to ease a possible sale of the company.
 
“How proud I am to help lead what I believe to be the greatest company in the world, and I am confident. That WWE can deliver unparalleled creative content and drive greatest value for shareholders.” Stephanie McMahon said in a statement.
Nick Khan, before co-CEO of McMahon Jr., will serve as the company’s sole CEO. Stephanie McMahon’s husband, Paul “Triple H” Levesque, will continue to run. WWE’s creative department.
 
Stephanie McMahon announced in May that she was taking. A leave of absence from her previous role as chief brand officer to focus on her family.
 

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“I want to express my full support for Stephanie’s personal decision.” Vince McMahon said in a statement Tuesday. “I will be forever grateful that she offered to step down in my absence and truly proud of the work she has co-led WWE with. Stephanie has always been the ultimate ambassador for our company. And her decades of contributions have been immeasurable. The impact on our brand.”
 
Vince McMahon, the company’s former CEO and controlling shareholder. Rejoined WWE’s board of directors last week and said he would help ease the sale of the company.
 
WWE has been considered a sale target for some time, CNBC before reported. As the company has intellectual property. That could be valuable for streaming services, merchandising and theme park businesses.
 
The company has hired JPMorgan to tell on a potential sale, CNBC before reported.

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