By Weston Blasi
Vince McMahon has announced his retirement from the WWE /zigman2/quotes/207109722/composite WWE +0.11% .
The news comes after the WWE announced it’s investigating $12 million in payments given out by former CEO Vince McMahon over the last 16 years to conceal a series of sexual misconduct allegations, according to The Wall Street Journal . In July, World Wrestling Entertainment said it uncovered $14.6 million in “ unrecorded expenses ” paid out to Vince McMahon.
The money was sent to four women that would prohibit them from discussing these claims against McMahon, or their relationships with him. The 76-year old McMahon resigned as the head of WWE earlier this year.
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Stephanie McMahon and Nick Khan will be taking over and become co-Chief Executive Officers. McMahon will also serve as Chairwoman of the Board, and Khan will continue to be a board member.
Stephanie McMahon, the daughter of Vince McMahon, had previously worked as the WWE’s chief brand officer.
“Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO,” she tweeted in June. “I love @WWE and all it continues to do to entertain billions around the world.”
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Here are five things to know about the WWE’s new CEO.
Wrestling runs in the family.
As stated above, Stephanie McMahon is the daughter of Vince McMahon. But she is also the fourth generation in the McMahon family to be either a wrestling or boxing promoter. The tradition traces back to her great-grandfather Roderick “Jess” McMahon , grandfather Vincent J. McMahon , as well as her father, Vince K. McMahon
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She is also a former professional wrestler.
Stephanie McMahon had dozens of appearances as a pro wrestler at various WWE events, including WrestleMania and Smackdown. Her WWE storylines and events include “Vengeance 2003” and “1999 Raw,” according to a Bleacher Report article recounting her career, which described her as, “a scavenger, waiting for someone else to fell the prey before lunging at it.”
She is married to a pro wrestler .
Stephanie McMahon has been married to WWE wrestler Paul “Triple H” Levesque since 2003. It was a case of life imitating art, as McMahon and Triple H had an “on-screen” romance, which culminated in them getting married for a WWE event in 1999.