Stephanie McMahon Resigns As Co-CEO OF WWE The Week After Her Father Vince Returns

Stephanie McMahon said Tuesday she’s stepping down as co-CEO of WWE, the week after her father Vince announced plans to return as executive chairman to oversee the next round of rights deals and a possible sale.

The younger McMahon made the announcement via Twitter. Former longtime CEO Vince McMahon resigned in July amid a scandal over payouts to women. Upon his re-entrance last week, he rejiggered the company’s board of directors — adding himself and two allies and ejecting three other directors — but said he would leave management intact. He’s WWE’s controlling shareholder with an 80% stake.

More from Deadline

• WWE Confirms Vince McMahon Return; Former CEO Ejects Three From Board, Two Others Resign

• Vince McMahon "Taking Steps" To Return To WWE As Executive Chairman To Oversee Rights Deals, Possible Sale

• WWE's 'Friday Night SmackDown' Draws Record Ratings On Fox With The Return Of John Cena

Stephanie McMahon said she’s leaving the company in good hands with co-CEO Nick Khan and head of content, Paul Levesque. Full tweet below.

MORE

Best of Deadline

• 2022-23 Awards Season Calendar - Dates For The Oscars, Golden Globes, Guilds & More

• TV Cancellations Photo Gallery: Series Ending In 2023 & Beyond

• Hollywood & Media Deaths In 2023: Photo Gallery & Obituaries

Sign up for Deadline's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.

Click here to read the full article.