Stephanie McMahon Named Interim WWE Chairwoman And CEO

Vince McMahon has temporarily stepped down as WWE Chairman and CEO in wake of an internal investigation of a $3 million payment from Vince McMahon to an ex-employee.

Stephanie McMahon—who recently took a leave of absence—has been named interim WWE Chairwoman and CEO in his place.

Stephanie McMahon said, "Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO,"

I love WWE and all it continues to do to entertain billions around the world."

According to a Journal report stating that Vince McMahon paid a $3 million settlement to a former employee with whom he allegedly had an affair.

The WWE board of directors began investigating the claims in April 2022 and has found other cases of "nondisclosure agreements involving claims by former female WWE employees of misconduct."

Vince pledged in the statement that he would cooperate fully with the investigation. “I have pledged my complete cooperation to the investigation by the Special Committee.

McMahon said,  have also pledged to accept the findings and outcome of the investigation, whatever they are.