Vince McMahon has announced his retirement from WWE. He is no longer working as Chairman & CEO of the company he built up into a global entertainment juggernaut.
McMahon issued the following statement through the company today:
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.
“Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. Then. Now. Forever. Together.”
Vince also tweeted and wrote, “At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together. #WWE #thankful”
Vince’s retirement comes after the WWE Board of Directors recently began investigation he and Senior Vice President of Talent Relations John Laurinaitis over allegations of misconduct. It’s been reported that more allegations are expected, but not confirmed as of this writing, and that mainstream media outlets are working on new pieces about the allegations, including HBO’s Real Sports.
As we’ve noted, it was initially revealed on Wednesday, June 15 that WWE’s Board of Directors has been investigating Vince over the “secret $3 million settlement” he made to the former paralegal that was hired in 2019. Laurinaitis was also being investigated for his involvement, and it was revealed that the Board has been looking into other instances with former female employees as well. It was then announced on Friday, June 17 that Stephanie McMahon returned from her leave of absence to act as the Interim CEO & Interim Chairwoman after Vince voluntarily stepped away from his Chairman & CEO corporate duties, while still continuing his creative responsibilities. It was then revealed on Monday, June 20 that Bruce Prichard, WWE’s Senior Vice President and RAW/SmackDown Executive Producer, was working as the Interim Senior Vice President of Talent Relations, filling in for Laurinaitis during the investigation. It was then revealed on Friday, July 8, that McMahon agreed to pay more than $12 million in “hush money” to four women, including a former wrestler. Prichard is no longer working the interim role as WWE announced today, July 22, that Paul “Triple H” Levesque is the new WWE Executive Vice President of Talent Relations. You can find full details at the links below, including statements from Vince and Stephanie, full details on the anonymous e-mails that led to the announcements, and more.
Stay tuned to WrestlingHeadlines.com for more. Below are links to our various reports on the McMahon – Laurinaitis situation, and Triple H’s new role, along with Vince’s retirement tweet.
— Vince McMahon (@VinceMcMahon) July 22, 2022
FULL COVERAGE OF THE VINCE MCMAHON – JOHN LAURINAITIS ALLEGATIONS AND FALLOUT: