by Editor’s note: This story contains alleged reports of sexual assault. If you or someone you know is a sexual assault survivor, contact the National Sexual Assault Hotline at 1-800-656-4673 or at https://www.rainn.org.
Nearly seven months after taking over as co-CEO of WWE following the departure of her father, Vince McMahon, Stephanie McMahon announced her departure from the role on Tuesday.
Vince McMahon announced last week that he was returning to the company and electing himself to the WWE Board of Directors. His departure came amid an ongoing scandal surrounding sexual misconduct. McMahon has since been unanimously elected executive chairman by the board, per Dave Meltzer of the Wrestling Observer Newsletter.
“I cannot put into words how proud I am to have led what I believe to be the greatest company in the world…” Stephanie wrote in a statement. “I am confident that WWE is in the perfect place to continue to deliver unparalleled creative content and drive maximum value for shareholders.”
Vince McMahon originally retired from WWE in July Wall Street Journal revealed he paid more than $12 million to four women over the past 16 years to help silence allegations of sexual misconduct and infidelity. Among the alleged victims were a former WWE attorney with whom McMahon reportedly had a secret affair, a former wrestler, and two other former employees. the diary reported in December that McMahon is now facing new allegations from two women over similar claims.
The first allegation comes from a former California spa executive who said McMahon assaulted her in 2011. The woman’s attorney explained the allegations to McMahon’s attorney Jerry McDevitt in November, the same month McDevitt received a warning letter from attorney representing ex-WWE referee Rita Chatterton with a second allegation. Chatterton is seeking $11.75 million in damages stemming from a 1992 television interview in which she said McMahon raped her in the back seat of a limousine diary.
Following McMahon’s departure, Stephanie ran the company with her husband Paul “Triple H” Levesque and WWE CEO Nick Khan.
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