BREAKING: Vince McMahon Elected Chairman of WWE Board of Directors, Stephanie McMahon Resigns
The boss is back. WWE issued a press release today, announcing that its Board of Directors has unanimously elected Vince McMahon Executive Chairman of the Board. In addition, Stephanie McMahon has resigned as co-CEO and Chairwoman of the Board and Nick Khan will serve as the company’s sole CEO.
Statements from several executives were issued in the press release:
Vince McMahon:
“First, I’d like to express my full support for Stephanie’s personal decision. I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand.
“I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. Together, we look forward to working with the Board at this critical moment ..