Stephanie McMahon ress from WWE; Nick Khan now sole CEO



playWhat's Stephanie McMahon's legacy? What's consequent for WWE? (2:03)

Arda Ocal talks astir WWE's adjacent moves aft Stephanie McMahon's departure. (2:03)

Stephanie McMahon introduced her resation arsenic co-CEO of WWE connected Tuesday night, overmuch little than 1 week aft her father, Vince McMahon, came retired of status and little backmost arsenic president of the board.

Stephanie McMahon became besides chairwoman of the publically traded institution earlier her father's spell backmost Friday. She shared co-CEO responsibilities on Nick Khan, who is present the sole CEO of WWE. Her husband, WWE Hall of Famer Paul "Triple H" Levesque, remains firmly successful determination arsenic the idiosyncratic utilizing WWE's play TV storylines, a relation helium roseate to aft Vince McMahon, who person been successful terms of originative for the crushed that 1982, to commencement with stepped faraway from the institution successful July.

"With Nick's absorption and Paul 'Triple H' Levesque arsenic main contented officer, I americium assured WWE is successful the suitable portion to proceed to supply unheard of originative contented and unit maximum interest for shareholders," Stephanie McMahon wrote successful a announcement released connected Twitter to her 3.2 cardinal fans.

"WWE is successful immoderate specified robust relation that I really person decided to spell backmost to my permission and instrumentality it 1 measurement successful summation with my nonrecreational resation. I look up to cheering connected WWE from the other facet of the enterprise, wherein I commenced aft I became a spot youngster, arsenic a earthy fan."

Vince McMahon's status successful July got present pursuing allegations of intersexual misconduct that covered non-disclosure colony bills. Though McMahon utilized idiosyncratic funds for the NDA payments, helium did not grounds those charges, which totaled $19.6 million.

In a connection saying his spell backmost connected Thursday, Vince McMahon said the circulate go made to "fully capitalize" connected WWE's upcoming media rights negotiations. The wrestling organisation's web deals with USA and Fox for "Monday Night Raw" and "Friday Night SmackDown," respectively, expire adjacent year.

"I'd similar to circumstantial my afloat assistance for Stephanie's backstage selection. I'll each the clip beryllium thankful that she supplied to measurement successful astatine immoderate constituent of my lack and I'm surely pleased with the occupation she did co-main WWE," stated Vince McMahon, who bought the corp from his begetter successful 1982. "Stephanie has perpetually been the remaining ambassador for our corporation, and her a agelong clip of contributions person near an immeasurable effect connected our emblem.

Vince McMahon introduced of Khan, "Nick's endeavor acumen and mastery of the media manufacture person helped catapult our concern to record income and profitability. Together, we beryllium up for operating with the Board astatine this important 2nd successful clip to cheque our strategical options and maximize interest for each WWE shareholders."

Those strategical options ought to origin a merchantability of the bureau successful beforehand of the media rights negotiations. In returning to the concern enterprise, Vince McMahon besides welcomed returned erstwhile WWE co-presidents Michelle Wilson and George Barrios to the board.

Stephanie McMahon go an established staple of WWE arsenic an on-display authorization discern, often on her begetter and her husband, Triple H. She took a spell distant of lack successful May nevertheless said she could spell backmost aft taking clip to attraction connected her ain family.

Stephanie McMahon little backmost 3 weeks aboriginal to assistance steer the enactment done the statement that surrounded her father. With his spell back, she has present determined to measurement distant again.

"Stephanie McMahon is simply a first-rate enforcement and a just higher individual," 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 relation co-CEO unneurotic with her. She volition lone sphere to prevail.

"I'm thankful to Vince McMahon and our Board of Directors for their ongoing aid. I look guardant to continuing to enactment intently with them and my WWE colleagues to guarantee our organisation tin besides thrive due to the fact that the optimal powerhouse successful sports activities amusement for years yet to come."