Following a pair of reports from the Wall Street Journal regarding an ongoing investigation being held by WWE’s Board of Directors into alleged settlements reached by Vince McMahon with former employees, McMahon temporarily stepped down as both Chairman and CEO of the company, with his daughter Stephanie McMahon stepping in as his replacement.
This, however, now shockingly seems to be a permanent departure for the 76 year old, as he’s taken to twitter to confirm his official retirement from WWE.
WWE Released the following statement
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. 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.”
Time will tell as to what the future holds for the WWE post-Vince McMahon. The former Chairman and CEO
