Stephanie McMahon resigns from WWE; Nick Khan now sole CEO

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Stephanie McMahon has announced her resignation as the co-CEO of World Wide Entertainment (WWE), leaving Nick Khan as the sole CEO.

Stephanie McMahon made this announcement on Tuesday evening a few weeks after her father Vince McMahon also retired and returned as chairman of the board.

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Stephanie was the chairwoman of the WWE until her father returned to the board. She shared co-CEO duties with Nick Khan who is now the sole CEO following her resignation. Stephanie’s husband, WWE Hall of Famer Paul, Triple H still holds his position and drives the WWE’s weekly TV storylines, a position he rose to after Vince McMahon left the position of creativity in 1982.

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“With Nick’s leadership and Paul ‘Triple H’ Levesque as a 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,” Stephanie McMahon wrote in a statement released on Twitter to her 3.2 million followers.

“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. I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan.”

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The father of Stephanie, Vince retired after he was accused of getting involved in sexual misconduct that included non-disclosure agreement payments. Though McMahon used personal funds for the NDA payments, he failed to record those expenses, which totaled $19.6 million.

source: www.ghbase.com

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