<\/button><\/span><\/span><\/span> co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company’s executive chairman.<\/p>\nStephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amide of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company.<\/p>\n
“I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders,” Stephanie McMahon said in a statement.<\/p>\n
Nick Khan, formerly co-CEO alongside the younger McMahon, will serve as the company’s sole CEO. Stephanie McMahon’s husband, Paul “Triple H” Levesque, will continue to run WWE’s creative division.<\/p>\n
Stephanie McMahon announced in May she was taking a leave of absence from her prior role as chief brand officer to focus on her family.<\/p>\n
“I’d like to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement Tuesday. “I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and every decades of contributions have left an immeasurable impact on our brand.”<\/p>\n
Vince McMahon, former CEO and controlling shareholder of the company, rejoined the WWE board of directors last week and said he would help to facilitate a sale of the company.<\/p>\n
WWE has been considered a sale target for some time, CNBC previously reported, as the company owns intellectual property that could be valuable to streaming service, merchandising and theme park businesses.<\/p>\n
The company has hired JPMorgan to advise on the potential sale, CNBC previously reported.<\/p>\n
\u2014 CNBC’s Lillian Rizzo contributed to this article.<\/em><\/p>\nWATCH: WWE transitions from pay-per-view to streaming<\/strong><\/p>\n<\/div>\n\n
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LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as …<\/p>\n
WWE co-CEO Stephanie McMahon steps down as Vince McMahon returns<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[326,330,109,3229,307,1323,650,10188],"jetpack_publicize_connections":[],"yoast_head":"\nWWE co-CEO Stephanie McMahon steps down as Vince McMahon returns - harchi90<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n