Vince McMahon has retired as World Wrestling Entertainment chairman and CEO after being investigated for paying millions of dollars to former employees to keep quiet about alleged sexual affairs and misconduct. McMahon ran WWE for four decades, and three people have been elevated within the company to replace him.
The Wall Street Journal first reported that WWE’s board was investigating the 76-year-old, who has long been the face of the organization.
Stephanie McMahon, Vince McMahon’s daughter, was named the interim chairwoman and CEO. Stephanie has since become WWE co-CEO alongside Nick Khan, who was hired as WWE President & Chief Revenue Officer in August 2020.
Stephanie McMahon previously served as WWE’s Chief Brand Officer. She has also been an on-air character on WWE programming for more than two decades.
Before joining WWE, Khan was the co-head of the television department for Creative Arts Agency. WWE reached over $1 billion in revenue in 2021 in Khan’s first full calendar year with the company.
One of WWE’s biggest on-air characters of the last 25 years has replaced Vince as the head of creative for the promotion’s TV product. Paul “Triple H” Levesque now has the final say on the scripts for “Monday Night Raw” and “Friday Night SmackDown.”
Levesque is Vince McMahon’s son-in-law, having married Stephanie McMahon in 2003.
WWE has a team of writers, and Bruce Prichard is the executive director for the weekly TV shows. They will report to Levesque, who fills the role that Vince McMahon held while running the world’s top wrestling promotion.
Even after 40 years of serving as CEO, Vince McMahon had final approval of the scripts for each show.
Last week, WWE announced that Levesque would resume his role as EVP of Talent Relations. Levesque stepped away from the role last September after undergoing heart surgery.
Many WWE fans are excited for Levesque to replace McMahon as head of creative. WWE has been much-maligned in recent years for a lack of creative storylines and an inability to create new superstars.
Levesque was the executive producer for NXT, WWE’s developmental brand and weekly TV show, until he stepped away from the company last year.