In July 2022, Vince McMahon retired from WWE at the age of 77 after allegations spread about his sexual misconduct against former employees. Vince’s daughter Stephanie McMahon took on the role of Chairwoman and co-CEO, the same as Nick Khan. Paul “Triple H” Levesque became the Head of Creative and Chief Content Officer.
McMahon’s return to the Stamford-based promotion has been highly speculated even since he retired. Just recently, a letter Vince sent to the Board of Directors prior to his return emerged.
In the first part of the letter, Vince thanked the current Board of Directors for their efforts in delivering the best entertainment experience to the fans. He later addressed the investigation and how it influenced his retirement. The letter also stated that he plans to sell WWE. Due to McMahon holding the majority voting power, this is something he can pursue:
Since the announcement that WWE might possibly be up for sale, WWE stocks have risen and continuously do so.
Vince McMahon makes other major decisions to the Board of Directors after plans to sell WWE
Besides planning to sell the Stamford-based promotion, another major change that happened under Vince’s return is the removal of three members from the Board of Directors.
In the same SEC filing from the letter, it was revealed that JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler were replaced by Vince, George Barrios, and Michelle Wilson on the Board of Directors. This was later confirmed in a press release:
It remains to be seen if other changes will be made now that Vince McMahon has returned to the promotion, or if his plans to sell WWE will continue.
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