Stephanie McMahon resigns as co-CEO of the WWE…days after Vince returned to the board of directors

Stephanie McMahon sensationally resigned from WWE, announcing the news in a statement posted to Twitter Tuesday night.

It comes just days after his father, Vincent Kennedy McMahon, reappointed himself to the WWE board of directors. McMahon was unanimously elected executive chairman of the board early Tuesday.

Stephanie was Co-CEO along with Nick Khan prior to his resignation. Khan will continue in his role, now as the company’s sole CEO.

“Words cannot express how proud I am to have helped lead what I consider to be the best company in the world and I am confident that WWE is in the perfect position to continue to deliver unparalleled creative content and generate maximum shareholder value. “. he said in a WWE statement.

Stephanie McMahon (C) has stepped down as WWE CEO after her father, Vince (L), returned to the wrestling franchise and the board of directors was reappointed.

She followed up with a personal statement later Tuesday, expressing her gratitude for her six months as co-CEO.

‘Dear WWE Universe, Approximately 8 months ago, I took a leave of absence and within a few short weeks, I was unexpectedly given the opportunity of a lifetime.

“I had the privilege of returning as Co-CEO and Chairman of the Board of WWE. Words cannot express how proud I am to have led what I consider to be the best company in the world, working alongside a remarkable leadership team and one of the strongest executives I have ever met in my Co-CEO, Nick Khan.

‘Our founder, Vince McMahon, has returned as CEO and is leading an exciting process regarding strategic alternatives. And with the leadership of Nick and Paul “Triple H* Levesque as Chief Content Officer, I am confident that WWE is in the perfect place to continue to deliver unprecedented creative content and drive maximum shareholder value.

Vince McMahon returned to WWE last week after stepping down from his CEO role on July 22.

WWE is in such a strong position that I have decided to go back on my license and go one step further with my official resignation.

“I look forward to rooting for WWE from the other side of the business, where I started as a little kid, as a pure fan. I will always remain dedicated to WWE. I truly love our company, our employees, our superstars, and our fans. And I am grateful to all our partners.

‘Thanks for everything. After. Now. Forever. Together. -Steph.

Mr. McMahon’s surprising move comes several months after he withdrew from the sports-entertainment company during an investigation into alleged misconduct. He made a statement after his election and before Stephanie’s statement on social media.

Stephanie was co-CEO of the sports entertainment company for six months before resigning.

‘First, I would like to express my full support for Stephanie’s personal decision. I will always be grateful that she offered to step in during my absence and I am truly proud of the job that she did as co-leader of WWE.

‘Stephanie has always been our company’s ultimate ambassador, and her decades of contributions have left an immeasurable impact on our brand.

“I am proud to announce that Nick Khan will serve as CEO of WWE. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability.

“Together, we look forward to working with the Board at this critical time to review our strategic alternatives and maximize value for all WWE shareholders.”

Mr. McMahon has long been a public figure, seen in 2005 with Sly Stallone (left) and Hulk Hogan.

Vince McMahon retired as WWE Chairman and CEO in July. He had temporarily waived the charges a month earlier. The Wall Street Journal reported over the summer that McMahon has agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

The Stamford, CT. The company said on Friday that it would pursue “all strategic alternatives to maximize shareholder value.”

There have been rumors that WWE might be interested in selling the organization to another entertainment company.