The WWE will be headed by Stephanie McMahon for the meantime as his father, Vince McMahon cooperates in an ongoing investigation tied to misconduct allegations.

Through an official statement, the WWE and its Board of Directors announced that Vince McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman.

However, the elder McMahon will retain his role and responsibilities related to the promotion’s creative content.

In the meantime, Stephanie McMahon will act in an interim capacity as CEO and Chairperson by a Special Committee.

"Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO," Stephanie McMahon said in a Twitter post. "I love WWE and all it continues to do to entertain billions around the world."

In a previous report from the Wall Street Journal, Vince McMahon allegedly paid a $3 million settlement to a former employee with whom he allegedly had an affair.

The WWE Board of Directors started a probe on the claims in April 2022. It was found that there were other cases of "nondisclosure agreements involving claims by former female WWE employees of misconduct."

Aside from McMahon, head of talent relations John Laurinaitis was also implicated.

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” Vince McMahon says.

This development comes barely a month after Stephanie McMahon stepped down as Chief Brand Officer to attend to his family. It is believed that the 45-year-old WWE executive did so to attend to his husband, Triple H (Paul Levesque) who suffered a serious cardiac event leading to the WWE star’s retirement.

WWE Chairman and CEO Vince McMahon
WWE Chairman and CEO Vince McMahon Getty Images | Ethan Miller

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