McMahon shared the news in a tweet on January 10. She noted that the move comes after her father, Vince McMahon, returned to the company as the Executive Chair on January. Stephanie stated that Vince is leading an “exciting process regarding strategic alternatives, and with Nick Khan’s leadership and Paul “Triple H” Levesque’s role as Chief Content Officer, she is confident that WWE is in “the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders”.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
Sean Ross Sapp of Fightful subsequently tweeted that WWE confirmed that Khan is now the sole CEO. Per Sapp, WWE reiterated that Levesque is still the Chief Content Officer, and he continues to head up talent and live events.
Nick Khan is solo CEO of WWE, the company confirms to Fightful. Stephanie McMahon resigned as co-CEO
— Sean Ross Sapp of Fightful.com (@SeanRossSapp) January 10, 2023
Stephanie announced that she was taking a leave of absence from WWE in May 2022. In June, she was named the Interim CEO Vince stepped down amid an investigation by the WWE board into allegations of sexual misconduct and hush money. Vince retired on July 22, and the company named Stephanie and Khan the co-CEOs. On January 6, WWE confirmed that Vince had returned to the Board of Directors. On January 5, he announced his intention to return and participate in negotiations for media rights deals, along with a potential sale of the company.
Ross Sapp subsequently reported that it was “portrayed” as if Stephanie was resuming the leave of absence she took in 2022. He noted that she has remained well-liked among staff and talent. Sapp also noted that Stephanie led an employee meeting on January 6, where she first stated that there was “naturally some animosity” before changing the word to “angst”, regarding some individuals’ feelings regarding Vince’s return.
Several WWE talent were reportedly confused by Stephanie’s resignation and what it would mean for her and Khan.
WrestleZone will provide more details as they become available.