The official Twitter account of WWE’s long-time Chairman of the Board Vince McMahon has tweeted out that it is time for him to retire. The Tweet states: “At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together.”
This was followed up by a corporate press release stating that Stephanie McMahon (recently named interim-CEO) and Nick Khan are the new co-CEOs of the company.
Vince McMahon Retires
— Vince McMahon (@VinceMcMahon) July 22, 2022
This retirement comes at the peak of a scandal involving McMahon and a number of NDAs signed by former WWE employees alleging he paid them off for their silence regarding various sexual matters.
The WWE’s press release states:
Vince McMahon today 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.”
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