Tuesday, WWE Co-CEO Stephanie McMahon announced she had resigned from the company. Vince McMahon, her father, returned to the board after retiring 6 months ago after a sexual misconduct allegation.
With the return of founder Vince McMahon and the possible sale of the company, WWE was undergoing more and more management shake-ups. Former Co-CEO with Stephanie, Nick Khan was appointed Managing Director.
"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 said in a statement.
She stepped down as brand manager in May 2022, saying she wanted to focus on her family but, she returned as co-CEO in July after her father retired.
Vince McMahon returned to the WWE board of directors last week, less than six months after stepping down amid allegations of sexual misconduct and the board's investigation into silent money payments to women He was named executive chairman of the board on Tuesday.
Last year, the council began investigating the millions of dollars McMahon paid to several women who had made allegations of misconduct against him More recently, the Wall Street Journal reported new allegations from a former spa manager that McMahon assaulted her. McMahon has previously denied allegations of sexual harassment or abuse.
The company said last week that it would "undertake a review of its strategic alternatives", which effectively means that it is considering a possible sale.
