WWE Names Vince McMahon as Chairman Once Again; Comments from Vince, Nick Khan, Stephanie McMahon

Vince McMahon is once again WWE’s Executive Chairman of the Board.

As noted earlier, Stephanie McMahon took to Twitter to announce her resignation as Chairwoman and Co-CEO, leaving Nick Khan as the sole CEO of WWE. You can click here for Stephanie’s full letter.

In an update, WWE just announced that the Board of Directors has unanimously elected Vince to the role of Executive Chairman of the Board. It was also confirmed that Khan will serve as WWE CEO.

“Directors unanimously elected Vince McMahon Executive Chairman of the Board. Stephanie McMahon has resigned from her roles as Chairwoman and Co-CEO. Nick Khan will serve as WWE CEO,” the press release stated.

The press release included comments from Vince.

“First, I’d like to express my full support for Stephanie’s personal decision,” Vince said. “I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand. I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. Together, we look forward to working with the Board at this critical moment in time to review our strategic alternatives and maximize value for all WWE shareholders.”

Khan also provided comments on the latest WWE shakeup.

“Stephanie McMahon is a terrific executive and an even better person. It has been an honor to serve as Co-CEO with her. She will only continue to succeed,” Khan said. “I’m grateful to Vince McMahon and our Board of Directors for their ongoing support. I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.”

Stephanie added in the press release, “I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders.”

These significant WWE Corporate changes come just days after Vince, as the majority shareholder, returned to the WWE Board of Directors, bringing former Co-Presidents George Barrios and Michelle Wilson with him. McMahon has stated that he is looking to lead a sale of the company, and while WWE has hired JPMorgan to lead those sales talks, nothing has been confirmed. You can find full coverage of the ongoing story at the various links below.

To catch up, you can use the links below for the absolute latest on Vince’s WWE return and potential sale, his communications with the Board, statements from Stephanie, Khan, and WWE Chief Content Officer Triple H, full details on the scandal from back in the summer, and lots more.

Stay tuned to WrestlingHeadlines.com for more. Below are links to some of our recent reports on the ongoing situation:

FULL COVERAGE OF THE VINCE MCMAHON – JOHN LAURINAITIS ALLEGATIONS AND FALLOUT:

– WWE Names Vince McMahon as Chairman Once Again; Comments from Vince, Nick Khan, Stephanie McMahon

– Stephanie McMahon Announces WWE Resignation

– JP Morgan Gets Hired By WWE To Assist With Potential Sale

– Full Transcript from Today’s WWE Meeting Led By Stephanie McMahon, Nick Khan and Frank Riddick

– Backstage News from WWE Meeting, WWE Going Private Again?, Vince McMahon Notes, More

– Interesting Note on WWE Board Member Who Just Resigned, People In WWE Looking to Leave Over Vince McMahon?, More

– Triple H, Nick Khan and Stephanie McMahon Issue Statement on Vince McMahon’s Return to WWE Board, Two Members Resign

– WWE Holding Important Meeting Today, Wall Street Reacts to Vince McMahon’s Return to The Board

– Vince McMahon Officially Returns to WWE Board of Directors with Former Presidents, Three Members Removed

– Wall Street Reacts to Potential WWE Sale and Return of Vince McMahon

– Backstage Reactions to Vince McMahon Confirming His Plans for a WWE Return

– Vince McMahon Issues Statement and Details on Plans for WWE Return

– Vince McMahon Reportedly Planning WWE Return for a Major Sale

– Vince McMahon Reportedly Planning a WWE Comeback, Vince Facing New Demands from Women Alleging Abuse, New Details on Allegations, More

– Vince McMahon Scandal Hurt WWE’s Ability to Sell Sponsorships

– Backstage Talk on Vince McMahon’s Post-WWE Life

– WWE Special Committee Investigation Wraps, WWE Remains Worried Vince McMahon’s Departure May Hurt Them Creatively, Backstage Talk on Vince’s Future, More

– WWE Says Vince McMahon’s Departure May Hurt the Company Creatively and Financially

– WWE Reveals $5 Million More In Payments Made By Vince McMahon

– Backstage Updates on WWE and John Laurinaitis, WWE’s Board of Directors Investigation

– Linda McMahon Comments on Vince McMahon’s WWE Retirement After Being Pressed By Reporter

– Vince McMahon WWE Stock Update, Vince’s WWE Ownership, Linda McMahon Note

– Wrestlers Interested In Working for WWE Again, Backstage Talk on Triple H and Stephanie McMahon, More

– New Interesting Backstage Talk on How Vince McMahon Was During Creative Meetings and Live TV Production

– USA Network Looks Ahead to Big WWE Changes, USA on Fan Reactions to Triple H Taking Over Creative

– Top WWE Stars Jab at Vince McMahon’s Retirement on RAW

– What Triple H Promised to WWE Talents In Pre-RAW Backstage Meeting, More Backstage Notes

– Vince McMahon Reportedly Being Investigated By the Federal Government, Retirement Impacted By Investigations

– Vince McMahon Facing Additional Investigations?, More on Vince’s Exit from WWE

– Backstage News on Vince McMahon’s Transition to Retirement, USA’s Response to WWE Creative Change, More

– WWE Restates Financial Statements Due to Unrecorded Vince McMahon Expenses, Vince to Pay Money Back

– Triple H Named Head of WWE Creative, WWE Officially Names Stephanie McMahon and Nick Khan as Co-CEOs, Preliminary Q2 Earnings

– Backstage News on Brock Lesnar Working WWE SmackDown After Walking Out Earlier

– Stephanie McMahon and WWE Fans Send “Thank You” Message to Vince McMahon

– Read Vince McMahon’s Full Retirement Letter Sent to WWE Employees

– Brock Lesnar Officially Pulled from WWE SmackDown

– WWE SmackDown Backstage Mood, Rumor on Another Departure, Meeting Held After Vince McMahon’s Retirement Announcement, More

– Tony Khan Jokingly Reacts To Vince McMahon’s Retirement: “I’m Grateful To Now Be The Longest-Tenured CEO In Pro Wrestling”

– WWE to Replace Brock Lesnar at SummerSlam?, More on Lesnar’s Reaction to Vince McMahon’s Retirement

– Backstage News on Vince McMahon’s Retirement, Stephanie McMahon and Nick Khan’s New WWE Roles, More

– Brock Lesnar Reportedly Leaves SmackDown, Upset Over Vince McMahon’s WWE Retirement

– Vince McMahon Retires from WWE

– Triple H at WWE SmackDown, Backstage Talk on Triple H’s New Role, Bruce Prichard Update, More

– WWE Announces Triple H’s New Executive Role, Triple H Comments

– More Vince McMahon Allegations To Be Revealed?, Possible Reasons Mainstream Media Didn’t Give Significant Attention to Recent WSJ Report–

– Netflix Reportedly Pulls Vince McMahon Project, Millions of Dollars Spent

– Backstage Reactions to Vince McMahon Allegations, What Vince Allegedly Shouted After WWE TV Appearance, More

– WWE Issues Internal Statement on Latest Vince McMahon Allegations

– Vince McMahon Reportedly Paid Millions of Dollars In “Hush Money” to Former Wrestler and Others

– News on Who Made the Decision to Name Stephanie McMahon as WWE’s Interim CEO & Chairwoman

– Stephanie McMahon Addresses Investigation Into Her Father During WWE HQ Meeting

– How Much Value WWE Has Lost Since Vince McMahon Scandal Broke, WWE Ratings Up Due to Buzz?

– WWE Now Facing Multiple Potential Class Action Lawsuits

– Bruce Prichard Gets More WWE Power, John Laurinaitis Update, Backstage Concern Over Latest Major Move

– Vince McMahon Makes Surprise WWE RAW Appearance to Hype Big Return

– More Details On Vince McMahon’s Mood, Backstage Atmosphere At Friday’s WWE SmackDown

– Vince McMahon Opens Tonight’s WWE SmackDown, Video of the Segment

– “Weird” Atmosphere at WWE SmackDown, Vince McMahon and John Laurinaitis Updates, Stephanie McMahon Talk, More

– Backstage Update on Vince McMahon’s SmackDown Appearance, Internal WWE Reactions to Today’s Announcement, More

– Stephanie McMahon Sends Message to WWE Staff After Today’s Huge Announcement

– Vince McMahon Announced for WWE SmackDown

– Stephanie McMahon Named Interim CEO of WWE, Vince McMahon Issues Statement on Stepping Away During Investigation

– Pat McAfee Reacts to Vince McMahon Allegations, Thinks We Will Never Get the Truth

– WWE Statement to Employees on Vince McMahon and John Laurinaitis Investigation, Backstage News and Talk on Vince’s Future, More

– Anonymous E-mails Lead to Investigation Into Vince McMahon and John Laurinaitis Over Relationships with Ex-WWE Female Employees, WWE Issues Statement

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