Vince McMahon Steps Down As WWE CEO – Stephanie Named Interim Chairwoman

Vince McMahon Steps Down As WWE CEO – Stephanie Named Interim Chairwoman

Vince McMahon Steps Down As WWE CEO – WWE announced today that CEO and Chairman Vince McMahon would be temporally stepping down from his responsibilities, but will remain in charge of creative.

Stephanie McMahon is back with the company full-time as she will work as the interim CEO and Chairwoman. Her return comes less than a month after McMahon announced she would be taking a step back from the company to focus on her family.

She tweeted:

Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO. I love @WWE and all it continues to do to entertain billions around the world.

As previously reported, McMahon has been accused of paying $3 million to a former WWE paralegal to keep an affair quiet and the board of WWE started an investigation into this back in April. The investigation expanded into other nondisclosure agreements that involve misconduct claims made by other former female WWE employees about McMahon and WWE’s head of talent relations John Laurinaitis.

WWE issued the following:

Independent directors continue review of alleged executive misconduct

Stephanie McMahon named interim CEO and interim Chairwoman

Stamford, Conn. – WWE (NYSE: WWE) and the Board of Directors today announced that a Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation. McMahon will retain his role and responsibilities related to WWE’s creative content during this period and remains committed to cooperating with the review underway.

The Special Committee has appointed Stephanie McMahon to serve as interim CEO and interim Chairwoman.

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” said Mr. McMahon.

“I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace. I have committed to doing everything in my power to help the Special Committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings,” said Ms. McMahon.

WWE and its Board of Directors take all allegations of misconduct very seriously. The Independent Directors of the Board engaged independent legal counsel to assist them with an independent review. In addition, the Special Committee and WWE will work with an independent third-party to conduct a comprehensive review of the company’s compliance program, HR function and overall culture.

The Company and the Board do not expect to have further comment until the investigation is concluded.


Since 2001, WrestlingAttitude is your number one source for WWE wrestling news, rumors and results. Make sure to follow us on social media to get the latest news in real time! We are facebook, Twitter, Pinterest and Instagram at the following links:

WA on Facebook – https://www.facebook.com/wrestlingattitude/
WA on Facebook (Women’s Wrestling) – https://www.facebook.com/WrestlingDivas/
WA on Twitter – https://twitter.com/wa_wrestling
WA on Instagram (Women’s Wrestling) – https://www.instagram.com/wa_wrestlingattitude/
WA on Pinterest – http://www.pinterest.com/realbadrose/wrestling/


Vince McMahon Steps Down As WWE CEO

5.0 / 5
Thanks for voting!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.