Stephanie McMahon Resigns from WWE CEO Post

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Less than a week after Vince McMahon came out of retirement and reinstated himself to WWE’s Board of Directors, his daughter, Stephanie McMahon, has stepped down as the co-CEO of the company.

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Stephanie announced her decision via Twitter on Tuesday evening. In the statement, she recalled returning to WWE last year to serve as the co-CEO alongside Nick Khan, which she described as a “privilege.” However, now that her father has returned to guide the company in collaboration with Khan and Paul “Triple H” Levesque, she believes that WWE is in a perfect position to deliver “unparalleled creative content and drive maximum value for shareholders.”

McMahon’s daughter Stephanie announced her resignation in a statement posted on Twitter.

“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,” she said.

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Vince McMahon, who ran the company for four decades, said last week that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman.

The company also announced at the time that it would explore strategic alternatives.

McMahon retired in July last year, as the company’s CEO and chairman, following an investigation into his alleged misconduct. Later, WWE said that it found some unrecorded expenses tied to McMahon.

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