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Stephanie McMahon and Nick Khan have been named co-CEOs of WWE on Monday following the retirement of Vince McMahon.
The WWE and its Board of Administrators additionally introduced Stephanie McMahon was appointed Chairwoman of the Board whereas Khan will proceed to be a board member.
“We’re grateful for the chance to guide WWE along with our unmatched administration crew,” McMahon and Khan stated in a joint assertion. “We acknowledge it is a super alternative and duty, and we look ahead to serving the WWE Universe.”
Paul Levesque, higher referred to as Triple H within the wrestling ranks, will “assume all obligations associated to WWE’s artistic, along with his common duties,” the corporate stated.
Stephanie McMahon is the daughter of Vince McMahon and has been with WWE since 1999 showing each as an on-screen performer and as a high-ranking government.
Khan joined WWE in 2020 after spending years as the pinnacle of the tv division at CAA.
Vince McMahon, who just lately stepped down as CEO of WWE after a barrage of misconduct allegations, has introduced his retirement from WWE.
“As I strategy 77 years outdated, I really feel it’s time for me to retire as chairman and CEO of WWE,” he stated in a press release.
“All through the years, it’s been a privilege to assist WWE deliver you pleasure, encourage you, thrill you, shock you and at all times entertain you. I wish to thank my household for mightily contributing to our success, and I’d additionally wish to thank all of our previous and current superstars and staff for his or her dedication and fervour for our model.
“Most significantly, I wish to thank our followers for permitting us into your properties each week and being your selection of leisure.”
McMahon’s retirement comes following a July Wall Road Journal report that McMahon paid over $12 million prior to now 16 years to “suppress allegations of sexual misconduct and infidelity.”
McMahon bought the company from his father in 1982 and turned it into the billion-dollar model that it’s immediately.
Fox Information’ Joe Morgan contributed to this report.