Twitter, Friday afternoon: Vince McMahon declared his resignation as chairman and CEO of World Wrestling Entertainment.
Following the Wall Street Journal’s July 8 report that McMahon had paid $12 Million to Four Women to Keep the Sexual Misconduct Allegations Secret, McMahon is now under scrutiny.
He will oversee the business with his daughter Stephanie McMahon as well as co-CEO Nick Khan.
“As I approach 77 years old, I feel it’s time for me to retire as chairman and CEO of WWE,” McMahon said in a statement, according to Fox News.
“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,” he said.
McMahon continued: “Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment.”
I am 77 years old and it is time for me retire.
WWE Universe, thank you.
Then. Now. Forever. Together. #WWE #thankful— Vince McMahon (@VinceMcMahon) July 22, 2022
This was not the only major staffing change at WWE on Friday, as Hall of Famer “Triple H” announced that he will be returning as the executive vice president of talent relations.
“I’m healthy, fired up and ready to take charge,” he said in a statement.
Paul Levesque (Triple H) will resume his role as EVP Talent Relations.
“I look forward to returning to my prior position as head of Talent Relations. I’m healthy, fired up, and ready to take charge,” said Levesque. pic.twitter.com/trpRzws4uD
— Denise ‘Hollywood Superstar’ Salcedo (@_denisesalcedo) July 22, 2022
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