How will WWE and Stephanie McMahon move forward after her father’s retirement?
WWE chief Vince McMahon recently rocked the wrestling world when he announced his retirement. He is handing the reins over to his daughter Stephanie.
After 40 years of being the head of the world’s biggest wresting company, Vince McMahon announced he was stepping down as chairperson, CEO, and creative head of WWE.
Prior to the announcement of his retirement, he had already stepped down from his duties temporarily following an internal WWE investigation into allegations of sexual misconduct which reportedly included paying off his supposed victims for their silence.
The void that Vince left behind
Now that the 76-year-old has permanently vacated his post, whoever will be taking over will have some pretty big shoes to fill. So big, in fact, that it will take more than one person to do the job.
His daughter Stephanie will be taking his place as WWE chairperson, and will also take on the job of CEO along with Nick Khan who will serve as co-CEO. Stephanie had previously been WWE’s chief brand officer, while Khan was the company’s president and chief revenue officer.
Stephanie’s husband, retired professional wrestler Paul ‘Triple H’ Levesque will serve as head of creative and will be in charge of talent relations.
The changing of the guard will put pressure on the new heads to take care of McMahon’s billion-dollar legacy. They will have to be able to maintain the financial success of the organization that earned more than a billion dollars last year, while having the vision to move the WWE forward.
Many will be keeping their eyes on the transition of Levesque from legendary wrestler to levelheaded businessman. Some in the WWE are hopeful that he will be able to inject new life into the storylines of the shows, as well as give talents more creative leeway.
Vince’s son, professional wrestler Shane McMahon, was once the company’s executive vice-president of global media but he eventually parted ways with WWE. He will as yet have no role in the new administration.