Stephanie McMahon steps down as co-CEO of WWE…days after Vince returns to the board

Stephanie McMahon has sensationally quit WWE and announced the news in a statement posted to Twitter Tuesday night.

It comes just days after her father, Vincent Kennedy McMahon, reappointed himself to the WWE Board of Directors. McMahon was unanimously elected executive chairman of the board on Tuesday.

Stephanie was co-CEOs alongside Nick Khan before stepping down. Khan will continue in his role, but as the company’s sole CEO.

Vince’s surprise move comes several months after he resigned from the sports-entertainment company during an investigation into alleged misconduct.

“Words cannot express how proud I am to have helped lead what I consider to be the largest company in the world, and I am confident that WWE is in the perfect position to continue to provide unparalleled creative content and the maximum To increase value for shareholders,” said in a WWE statement.

Stephanie McMahon (C) has stepped down as CEO of WWE after her father Vince (L) returned to the wrestling franchise and reappointed himself to the board

A personal statement followed later Tuesday, thanking her for her six months as co-CEO.

“Dear WWE Universe, About 8 months ago I took a vacation and within a matter of weeks I unexpectedly had the opportunity of a lifetime.

“I have had the privilege of returning as Co-CEO and Chairman of the Board of WWE. Words cannot express how proud I am to have led what I believe to be the largest company in the world, with a remarkable leadership team and one of the strongest leaders I know in my Co-CEO, Nick Khan.

“Our founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. And with Nick’s leadership and Paul “Triple H* Levesque as Chief Content Officer, I am confident that WWE is in the perfect place to continue to deliver unparalleled creative content and drive maximum value for shareholders.”

Vince McMahon returned to WWE last week after retiring from his position as CEO on July 22

“WWE is in such a strong position that I have decided to return to my vacation and take it a step further with my official retirement.

I look forward to cheering on WWE from the other side of the business, where I started as a young kid, as a pure fan. I will always be loyal to WWE. I really love our company, our employees, our superstars and our fans. And I thank all our partners.

‘Thank you for everything. Then. Now. Forever. Together. -Steph.’ Her father issued a statement following his election prior to Stephanie’s posting on social media.

“First of all, I would like to express my full support for Stephanie’s personal decision. I will forever be grateful that she offered to fill in during my absence and I am truly proud of the work she has done as co-leader of WWE.

Stephanie served as co-CEO of the sports-entertainment company for six months before stepping down

“Stephanie has always been the ultimate ambassador for our company, and her contributions over the decades have left an immeasurable impact on our brand.

“I am proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped our company achieve record revenues and profitability.

‘Together we look forward to working with the Board at this critical moment to review our strategic alternatives and maximize value for all WWE shareholders.’

A long-time socialite, Mr McMahon was spotted with Sly Stallone (L) and Hulk Hogan in 2005

Vince McMahon stepped down as Chairman and CEO of WWE in July. He had temporarily resigned from the posts a month earlier. The Wall Street Journal reported this summer that McMahon agreed to pay more than $12 million over the past 16 years to quash allegations of sexual misconduct and infidelity.

The Stamford, Connecticut-based company said Friday that it will “review all strategic alternatives to maximize shareholder value.”

There have been rumors that WWE may be interested in selling the organization to another entertainment company.