WWE Chairwoman and co-CEO Stephanie McMahon announced her full resignation from WWE last night, ending a seven-month spell in charge of the company her father founded. McMahon’s departure is directly related to Vince McMahon returning to power.
In a statement posted to Twitter, McMahon wrote that eight months ago she took a leave of absence but returned a few weeks later with an opportunity of a lifetime.
“I had the privilege to return as the 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.”
Her statement continued, “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.”
Stephanie said that she looks forward to cheering on WWE from the other side of the business, where she started when she was a little kid, as a pure fan.
“I will always remain dedicated to WWE. I truly love our company, our employees, our Superstars, and our fans. And I am grateful to all of our partners. Thank you for everything. Then. Now. Forever. Together.”
