{"id":112596,"date":"2022-06-17T09:22:20","date_gmt":"2022-06-17T14:22:20","guid":{"rendered":"https:\/\/prowrestling.net\/site\/?p=112596"},"modified":"2022-06-17T09:22:20","modified_gmt":"2022-06-17T14:22:20","slug":"vince-mcmahon-voluntarily-steps-back-as-ceo-and-chairman-of-the-board-stephanie-mcmahon-takes-interim-positions","status":"publish","type":"post","link":"https:\/\/prowrestling.net\/site\/2022\/06\/17\/vince-mcmahon-voluntarily-steps-back-as-ceo-and-chairman-of-the-board-stephanie-mcmahon-takes-interim-positions\/","title":{"rendered":"Vince McMahon voluntarily steps back as CEO and Chairman of the Board, Stephanie McMahon takes interim positions"},"content":{"rendered":"<div id=\"prowr-586753037\" class=\"prowr-apple-podcast-button-link prowr-entity-placement\" style=\"margin-left: auto;margin-right: auto;text-align: center;\"><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/pro-wrestling-boom-podcast\/id1365989370\" aria-label=\"SUBSCRIBE IN APPLE PODCASTS\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?fit=320%2C78&#038;ssl=1\" alt=\"SUBSCRIBE IN APPLE PODCASTS\"  srcset=\"https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?w=320&ssl=1 320w, https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?resize=300%2C73&ssl=1 300w\" sizes=\"(max-width: 320px) 100vw, 320px\" width=\"320\" height=\"78\"   \/><\/a><\/div><p><b>By Jason Powell<\/b>, ProWrestling.net Editor (<a href=\"https:\/\/twitter.com\/prowrestlingnet\" target=\"_blank\" rel=\"noopener\">@prowrestlingnet<\/a>)<\/p>\n<p><i>WWE issued the following press release on Friday.<\/i><\/p>\n<p>Stamford, Conn.\u00a0\u2013 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, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation. McMahon will retain his role and responsibilities related to WWE\u2019s creative content during this period and remains committed to cooperating with the review underway.<\/p>\n<p>The Special Committee has appointed Stephanie McMahon to serve as interim CEO and interim Chairwoman.<\/p>\n<p>\u201cI have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,\u201d said Mr. McMahon.<\/p>\n<p>\u201cI love this company and am committed to working with the Independent Directors to strengthen our culture and our Company; it is extremely important to me that we have a safe and collaborative workplace. I have committed to doing everything in my power to help the Special Committee complete its work, including marshaling the cooperation of the entire company to assist in the completion of the investigation and to implement its findings,\u201d said Ms. McMahon.<\/p>\n<p>WWE and its Board of Directors take all allegations of misconduct very seriously. The Independent Directors of the Board engaged independent legal counsel to assist them with an independent review. In addition, the Special Committee and WWE will work with an independent third-party to conduct a comprehensive review of the company\u2019s compliance program, HR function and overall culture.<\/p>\n<p>The Company and the Board do not expect to have further comment until the investigation is concluded.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Powell&#8217;s POV:<\/strong><\/span> It doesn&#8217;t look like much will change for the wrestlers or the viewers given that Vince will remain the head of creative. Meanwhile, it&#8217;s been quite the whirlwind period for Stephanie, who announced her leave of absence from the company on May 19.<\/p>\n<div id=\"prowr-1989584911\" class=\"prowr-after-content prowr-entity-placement\"><a class=\"spreaker-player\" href=\"https:\/\/www.spreaker.com\/show\/pwboom\" data-resource=\"show_id=3275525\" data-theme=\"light\" data-playlist=\"show\" data-width=\"100%\" data-height=\"340px\">Listen to \"Pro Wrestling Boom Podcast\" on Spreaker.<\/a><script async src=\"https:\/\/widget.spreaker.com\/widgets.js\"><\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>By Jason Powell, ProWrestling.net Editor&#8230;<\/p>\n","protected":false},"author":5,"featured_media":5052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[50,2,4],"tags":[271,56,101],"class_list":["post-112596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mustreadarticles","category-newsticker","category-wwe_news","tag-stephanie-mcmahon","tag-vince-mcmahon","tag-wwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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