Michael Perry on July 25, 2022
Vince McMahon mentioned WWE’s co-CEOs in a quote in his retirement press release. Stephanie McMahon and Nick Khan have been given the job after McMahon walked away at the age of 77 amid a hush money sex scandal. Now, WWE has officially announced the change atop the company.
This morning, a press release was issued announcing Stephanie McMahon and Nick Khan officially as WWE co-CEOs. The release noted that Stephanie has been appointed as chairwoman of the board. Nick Khan will remain a member of the board.
“WWE and its Board of Directors today announced the appointment of Stephanie McMahon and Nick Khan as co-Chief Executive Officers. Ms. McMahon has also been appointed Chairwoman of the Board, and Mr. Khan will continue to serve as a member of the Board. These appointments follow Vince McMahon’s retirement announcement on Friday, July 22.
‘We are grateful for the opportunity to lead WWE together with our unmatched management team,” said Ms. McMahon and Mr. Khan. “We recognize this is a tremendous opportunity and responsibility, and we look forward to serving the WWE Universe.’
Additionally, WWE executive Paul Levesque will assume all responsibilities related to WWE’s creative, in addition to his regular duties.”
WWE fans have been expecting some big changes now that Vince McMahon is out of the picture. The business community has expressed doubts about a tandem CEO setup within WWE. Time will tell how it ultimately shakes out.
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July 25, 2022 9:01 am
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