Vince McMahon unanimously elected as WWE Executive Chairman of the Board

WWE lately introduced that the firm has now unanimously elected VInce McMahon as the Executive Chairman of the Board.

The 77-year-old resigned in July final yr amidst allegations of paying “hush money” to former feminine staff. He was changed by his daughter, Stephanie McMahon, and Nick Khan as Co-CEOs following his departure.

WWE issued a press release confirming McMahon’s appointment as Chairman. Meanwhile, Stephanie McMahon additionally introduced her resignation from the firm. Nick Khan will now serve as the firm’s lone CEO.

The former Co-CEO said in her assertion that she wish to go on depart, a choice she had additionally made earlier than being handed over the reins of the firm.

Vince McMahon commented on Stephanie McMahon’s departure in a press launch (through company.wwe.com) and thanked his daughter for her contributions to the firm.

“First, I’d like to specific my full assist for Stephanie’s private resolution. I’ll endlessly be grateful that she supplied to step in throughout my absence and I’m actually proud of the job she did co-leading WWE. Stephanie has at all times been the final ambassador for our firm, and her many years of contributions have left an immeasurable affect on our model,” mentioned Vince McMahon.

The 77-year-old added that Nick Khan will serve as the firm’s CEO, and they’re going to look to maximise worth for shareholders.

“I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s enterprise acumen and mastery of the media trade have helped catapult our enterprise to file income and profitability. Together, we stay up for working with the Board at this important second in time to evaluation our strategic options and maximize worth for all WWE shareholders,” added Vince McMahon.

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Stephanie McMahon introduced her departure after Vince McMahon grew to become Executive Chairman

The former Chairwoman introduced her departure from the firm after her father was unanimously elected as Executive Chairman of the Board.

In her assertion, Stephanie McMahon claimed she was assured in the firm’s capability to create compelling content material and maximize worth for shareholders.

She additionally added that she would now take depart from the firm, a choice she made final yr however didn’t final lengthy following Vince McMahon’s retirement.

“Our founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. And with Nick’s leadership and Paul “Triple H” Levesque as Chief Content Officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders.”

It seems that Triple H will stay in management of the firm’s artistic for the time being.

With WrestleMania 39 quick approaching, it stays to be seen whether or not Mr. McMahon will make any contributions to the artistic decision-making of current storylines.

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