Vince McMahon Steps Down: Vince McMahon Steps Down as the CEO and Chairman of WWE, Gets Replaced: WWE held an investigation on WWE Chairman and CEO Vince McMahon. The WWE board held an investigation on Vince as he was involved in the alleged misconduct. As per the latest update, Vince McMahon has stepped down from his duties as a WWE Chairman until the investigation concludes. Follow WWE News and Updates on InsideSport.IN
Vince McMahon Steps Down: Vince McMahon Steps Down as the CEO and Chairman of WWE, Gets Replaced
Recently, the WWE board took Mr. McMahon under investigation regarding an alleged affair with an ex-employee. A detailed report from Wall Street Journal reported Vince McMahon did a $3 million settlement to a former female employee to close the alleged affair. In addition, it is reported that the WWE head of Talent Relations John Laurinaitis is also involved in this matter.
As per the recent reports, Vince McMahon announced stepping down from the position. WWE’s official page has released a detailed statement from Vince McMahon, who gave his words on the recent investigation imposed on him. Mr. McMahon mentioned he stepped down on a voluntary basis. However, he will still keep his role in relation to WWE’s creative department.
In the official press release, Mr. McMahon said, “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.”
Currently, there are no further updates from WWE’s board on the situation. However, they will continue the detailed investigation of Vince McMahon.
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Stephanie McMahon to replace Vince McMahon as WWE CEO
As Vince McMahon stepped down from the position of CEO, several doubts aroused about the vacant position of WWE CEO. However, with the recent press release, Vince McMahon’s daughter Stephanie McMahon will be re-positioned as the WWE CEO temporarily.
Last month, Stephanie McMahon stepped down from her position to spend some time off from WWE to look after her family. Soon, WWE fans will watch her joining WWE back with immediate effect as the WWE CEO who would take over all the responsibilities and continue the work.
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As per the reports, Vince McMahon will appear in front of WWE talents this Friday to give his word on WWE’s investigation. What do you think of Vince McMahon’s decision to step down as the WWE CEO?
Vince McMahon Steps Down: Vince McMahon Steps Down as the CEO and Chairman of WWE, Gets Replaced
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