Vince McMahon steps back from WWE CEO role amid alleged misconduct investigation; Stephanie McMahon takes over
In a shocking turn of events to rock the world of WWE,
has stepped back
from his role as WWE CEO and Chairman of the Board,
appointed as interim CEO and interim Chairman.
This decision comes in lieu of an investigation underway into alleged misconduct
and John Laurinaitis, Head of Talent Relations for WWE.
WWE and its Board of Directors jointly released a statement, on June 17, on WWE's corporate website regarding
's alleged misconduct.
They stated, "WWE (NYSE: WWE) and the Board of Directors today announced
that a Special Committee of the Board is conducting an investigation into alleged misconduct
by its Chairman and CEO Vincent McMahon and John Laurinaitis,