WWE confirm Stephanie McMahon and Nick Khan as co-CEOs and Triple H promoted after Vince McMahon’s shock retirement
WWE have confirmed that Stephanie McMahon and Nick Khan have become co-CEO’s following Vince McMahon’s shock retirement.
Ex-wrestler Triple H was also promoted to a creative and talent relations role as well as continuing with his current duties.
Vince McMahon announced he was stepping down from being the face of wrestling at the age of 77 last Friday.
In a statement he said: “At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together.”
The news came a matter of months after allegations were made regarding misconduct with former female employee after non-disclosure agreements were uncovered by the The Wall Street Journal.
More allegations followed, McMahon allegedly paid $12million over the past 16 years to four women after allegations of sexual misconduct.
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His daughter, Stephanie, a former wrestler herself, will now step-up and take Vince’s role.
She will hold plenty of power as her father had 42 percent of WWE’s outstanding stock and held 83 percent voting power, according to Sportskeeda.
Stephanie is married to Triple H, who has also benefited from the WWE reshuffle.
Khan will also increase his power, he has been a key executive in the company since 2020.
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He negotiated WWE’s deal with Fox for TV rights in 2019 and is rumoured to have been on an eye-watering $1.2million per year salary.
There has been controversy as former WWE manager Dutch Mantell has said he thinks Khan was brought to the company to remove McMahon.
Mantell said: “Well, I think that Nick Khan was inserted into the company, and I said this a long time ago. I think he was inserted there to get Vince out.”