WWE co-CEO Stephanie McMahon resigns as Vince returns as executive chairman – National | 24CA News

World Wrestling Entertainment elected former chief Vince McMahon as the chief chairman of the board on Tuesday, the corporate stated, including that co-chief government officer and chairwoman Stephanie McMahon resigned from her position.

Nick Khan will function the brand new WWE CEO, the leisure agency added.

Vince McMahon, 77, returned to the board final week and elected himself and two former co-presidents and administrators Michelle Wilson and George Barrios to the board.

McMahon’s daughter Stephanie introduced her resignation in a press release posted on Twitter.

“I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan,” she stated.

Vince McMahon, who ran the corporate for 4 a long time, stated final week that the one approach for WWE to completely capitalize on rising demand for content material and reside leisure was for him to return as government chairman.

The firm additionally introduced on the time that it could discover strategic alternate options.

McMahon retired in July final yr, as the corporate’s CEO and chairman, following an investigation into his alleged misconduct. Later, WWE stated that it discovered some unrecorded bills tied to McMahon.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Rashmi Aich)