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Stephanie McMahon steps down as WWE co-CEO

Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince McMahon, was unanimously re-elected as the company’s executive chairman.

Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. 

She informed staff members on Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company.

“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,” Stephanie McMahon said in a statement.

Nick Khan, formerly co-CEO alongside the younger McMahon, will serve as the company’s sole CEO.

Stephanie McMahon’s husband, Paul “Triple H” Levesque, will continue to run WWE’s creative division.

Vince McMahon, former CEO and controlling shareholder of the company, rejoined the WWE board of directors last week and said he would help to facilitate a sale of the company.

WWE has been considered a sale target for some time, CNBC previously reported that the company owns intellectual property that could be valuable to streaming service, merchandising and theme park businesses.

Writing by Tersoo Nicholas