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WWE CEO & Chairman Vince McMahon Retires

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Vince McMahon is no longer leading WWE.

McMahon issued an official statement announcing his retirement. Stephanie McMahon is now listed as the Chairwoman and co-CEO of WWE, and it comes on the heels of the news that Triple H is returning to his role as head of talent relations and Executive Vice President.

Here is the statement issued today:

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 fervor, 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.”

McMahon will no longer be head of creative.

This comes as McMahon has been under fire due to a Wall Street Journal report that claimed McMahon paid millions ion NDA over the last 15+ years to quell former employees from making his sexual conduct public. Another article is expected to come from WSJ exposing more of McMahon’s behavior.

 

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.

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