Advertisement

WWE co-CEO Stephanie McMahon resigns as Vince returns as executive chairman

Click to play video: 'WWE supertsar Edge makes his return to Toronto'
WWE supertsar Edge makes his return to Toronto
It has been 12 years since WWE superstar Edge fought in his hometown of Toronto. But, after triple fusion neck surgery and a brief retirement from the sport, Adam Copeland will be back in the ring tonight for Monday Night Raw at Scotiabank Arena. For details on his recovery and how he keeps his passion for wrestling alive, he joins Marianne Dimain. – Aug 23, 2022

World Wrestling Entertainment elected former chief Vince McMahon as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman Stephanie McMahon resigned from her role.

Nick Khan will serve as the new WWE CEO, the entertainment firm added.

Vince McMahon, 77, returned to the board last week and elected himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board.

McMahon’s daughter Stephanie announced her resignation in a statement posted on Twitter.

Breaking news from Canada and around the world sent to your email, as it happens.

“I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan,” she said.

Story continues below advertisement

Vince McMahon, who ran the company for four decades, said last week that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman.

The company also announced at the time that it would explore strategic alternatives.

McMahon retired in July last year, as the company’s CEO and chairman, following an investigation into his alleged misconduct. Later, WWE said that it found some unrecorded expenses tied to McMahon.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Rashmi Aich)

Sponsored content

AdChoices