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WWE announces co-CEOs subsequent Vince McMahon’s retirement

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Stephanie McMahon and Nick Khan were being named co-CEOs of WWE on Monday adhering to the retirement of Vince McMahon.

The WWE and its Board of Administrators also declared Stephanie McMahon was appointed Chairwoman of the Board even though Khan will keep on to be a board member.

“We are grateful for the option to lead WWE jointly with our unmatched management crew,” McMahon and Khan mentioned in a joint statement. “We acknowledge this is a large prospect and responsibility, and we glance ahead to serving the WWE Universe.”

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Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada.
(Jeff Bottari/Zuffa LLC)

Paul Levesque, much better regarded as Triple H in the wrestling ranks, will “suppose all tasks related to WWE’s resourceful, in addition to his typical obligations,” the business said.

Stephanie McMahon is the daughter of Vince McMahon and has been with WWE given that 1999 appearing each as an on-monitor performer and as a significant-position executive.

WWE Executive Vice President of Talent, Live Events and Creative Paul

WWE Executive Vice President of Talent, Live Gatherings and Creative Paul “Triple H” Levesque speaks at a WWE news conference at T-Cellular Arena on Oct 11, 2019 in Las Vegas, Nevada.
(Ethan Miller/Getty Photographs)

Khan joined WWE in 2020 right after expending decades as the head of the television section at CAA.

Vince McMahon, who recently stepped down as CEO of WWE after a barrage of misconduct allegations, has introduced his retirement from WWE.

“As I solution 77 years outdated, I experience it is time for me to retire as chairman and CEO of WWE,” he stated in a statement.

NETFLIX PULLS WWE VINCE MCMAHON DOCUMENTARY Immediately after $12M SEXUAL MISCONDUCT HUSH Money Stories SURFACED

“Throughout the decades, it is been a privilege to enable WWE carry you joy, encourage you, thrill you, shock you and generally entertain you. I would like to thank my family for mightily contributing to our good results, and I would also like to thank all of our past and current superstars and staff for their commitment and passion for our manufacturer.

“Most importantly, I would like to thank our admirers for letting us into your residences each individual week and currently being your choice of leisure.”

Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. 

Vince McMahon attends a press convention to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. 
(Michael N. Todaro/Getty Photographs)

McMahon’s retirement arrives subsequent a July Wall Road Journal report that McMahon compensated above $12 million in the earlier 16 years to “suppress allegations of sexual misconduct and infidelity.”

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McMahon acquired the business from his father in 1982 and turned it into the billion-dollar model that it is nowadays.

G3 Box News’ Joe Morgan contributed to this report.

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