Vince McMahon is retiring from WWE.
“As I approach 77 years of age, I feel it is time for me to retire as WWE Chairman and CEO,” McMahon said in a statement released by the sports-entertainment company. “Over the years, it has been an honor to help WWE bring you happiness, inspiration, excitement, surprise and always entertaining. I want to thank my family for contributing so strongly to our success, and I also want to thank all the stars and employees, past and present, for their dedication and passion for our brand. Most importantly. From that, I’d like to thank our fans for letting us into your homes every week and being your choice of entertainment. I have the deepest appreciation and admiration for our generations of fans around the world who have loved, sometimes loved, and sometimes even loved our form of sports entertainment.”
McMahon went on to say that his daughter Stephanie McMahon and WWE Chairman Nick Kahn will serve as co-CEOs upon his departure, with Stephanie also as president.
“Our global audience can take comfort in knowing that WWE will continue to entertain you with the same enthusiasm, dedication and passion as always,” McMahon continued. “I am absolutely confident in the continued success of WWE, and leave our company in the hands of an extraordinary group of Superstars, employees and CEOs – in particular, President and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way we can. Possible. My personal thanks to our community and business partners, shareholders and the Board of Directors for their guidance and support over the years. Then. Now. Forever. Together.”
More is coming…
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