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Journalism of Courage
Vince McMahon has said that he is retiring from WWE.
There is no update as to who will take over his position but his daughter Stephanie McMahon is the current interim CEO.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand,” McMahon said in a statement released by WWE.
“Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment,” the statement added.
“Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan.
As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. Then. Now. Forever. Together.” The long-time WWE CEO/Chairman also tweeted about his decision which reads as follows.
McMahon’s departure comes amid reports published by the Wall Street Journal that claimed that he paid millions of dollars in hush money to keep multiple women quiet about his alleged affairs. WWE’s board had also issued a statement that it was investigating allegations of misconduct against him.
Earlier, in the evening, WWE today announced that effective immediately, Triple H, aka, Paul Levesque will resume his executive position as EVP, Talent Relations.
