Vince McMahon Retires From WWE Amid Scandal

Vince McMahon, the longtime CEO and chairman of World Wrestling Entertainment, announced today he’s retiring from the company at age 77. He had temporarily stepped away from running the company amid a scandal.

WWE’s board of directors has been investigating McMahon over allegations that he’d paid millions of dollars to various women in exchange for silence over relationships and misconduct.

McMahon, whose exit is effective immediately, announced that his daughter, Stephanie McMahon, will be chairwoman and co-CEO. The other co-CEO is Nick Khan, who joined WWE from CAA in 2020.

McMahon took over from his father in the early 1980s and turned it into a global media empire. It’s publicly traded on the NYSE.

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