Stephanie McMahon resigns from WWE; Nick Khan now sole CEO - ESPN

Stephanie McMahon announced her resignation arsenic co-CEO of WWE connected Tuesday evening, little than 1 week aft her father, Vince McMahon, came retired of status and returned arsenic president of the board.

Stephanie McMahon was besides chairwoman of the publically traded institution earlier her father's instrumentality Friday. She shared co-CEO duties alongside Nick Khan, who is present the sole CEO of WWE. Her husband, WWE Hall of Famer Paul "Triple H" Levesque, remains firmly successful spot arsenic the idiosyncratic driving WWE's play TV storylines, a presumption helium roseate to aft Vince McMahon, who had been successful complaint of originative since 1982, initially stepped distant from the institution successful July.

"With Nick's enactment and Paul 'Triple H' Levesque arsenic main contented officer, I americium assured WWE is successful the cleanable spot to proceed to supply unparalleled originative contented and thrust maximum worth for shareholders," Stephanie McMahon wrote successful a connection released connected Twitter to her 3.2 cardinal followers.

"WWE is successful specified a beardown presumption that I person decided to instrumentality to my permission and instrumentality it 1 measurement further with my authoritative resignation. I look guardant to cheering connected WWE from the different broadside of the business, wherever I started erstwhile I was a small kid, arsenic a axenic fan."

Vince McMahon's status successful July came pursuing allegations of intersexual misconduct that included non-disclosure statement payments. Though McMahon utilized idiosyncratic funds for the NDA payments, helium failed to grounds those expenses, which totaled $19.6 million.

In a connection announcing his instrumentality connected Thursday, Vince McMahon said the determination was made to "fully capitalize" connected WWE's upcoming media rights negotiations. The wrestling company's web deals with USA and Fox for "Monday Night Raw" and "Friday Night SmackDown," respectively, expire adjacent year.

"I'd similar to explicit my afloat enactment for Stephanie's idiosyncratic decision. I'll everlastingly beryllium grateful that she offered to measurement successful during my lack and I'm genuinely arrogant of the occupation she did co-leading WWE," said Vince McMahon, who purchased the institution from his begetter successful 1982. "Stephanie has ever been the eventual ambassador for our company, and her decades of contributions person near an immeasurable interaction connected our brand.

Vince McMahon added of Khan, "Nick's concern acumen and mastery of the media manufacture person helped catapult our concern to grounds gross and profitability. Together, we look guardant to moving with the Board astatine this captious infinitesimal successful clip to reappraisal our strategical alternatives and maximize worth for each WWE shareholders."

Those strategical alternatives could pb to a merchantability of the institution up of the media rights negotiations. In returning to the company, Vince McMahon besides welcomed backmost erstwhile WWE co-presidents Michelle Wilson and George Barrios to the board.

Stephanie McMahon was a longtime staple of WWE arsenic an on-screen authorization figure, often alongside her begetter and her husband, Triple H. She took a permission of lack successful May but said she would instrumentality aft taking clip to absorption connected her family.

Stephanie McMahon returned 3 weeks aboriginal to assistance steer the institution done the contention that surrounded her father. With his return, she has present decided to measurement distant again.

"Stephanie McMahon is simply a terrific enforcement and an adjacent amended person," said Khan, who negotiated WWE's existent media rights deals arsenic an cause astatine CAA earlier helium joined WWE arsenic president. "It has been an grant to service arsenic co-CEO with her. She volition lone proceed to succeed.

"I'm grateful to Vince McMahon and our Board of Directors for their ongoing support. I look guardant to continuing to enactment intimately with them and my WWE colleagues to guarantee our institution whitethorn thrive arsenic the premiere powerhouse successful sports amusement for years to come."