Stephanie McMahon Announced As Chairwoman And CEO
Professional wrestling company, WWE, has announced Stephanie McMahon as the chairwoman and co-CEO, taking over from her father, Vince McMahon, who retired from the roles.
Stephanie McMahon has worked for the company since 1999 and has held several high-profile positions, including Smackdown manager, Raw general manager and Raw commissioner.
Additionally, Nick Khan, who joined the WWE in 2012, heading their television department, will move into a co-CEO role, where he will bring a decade of experience in negotiating seven-figure media deals.
Commenting on leaving his post and the future of the company, former WWE chairman and CEO, Vince McMahon, said: “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.
“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.
“Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervour, 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,” he said.