Vince McMahon, the former World Wrestling Entertainment chief executive, .
McMahon's retirement comes amid controversy. that McMahon had paid more than $12 million in hush money over a span of 16 years to suppress allegations of sexual misconduct. that a WWE board investigation had uncovered several non-disclosure agreements related to sexual misconduct claims made by women against McMahon and colleague John Laurinaitis.
In June, McMahon鈥檚 daughter, Stephanie McMahon, was named interim chairperson and CEO. Stephanie McMahon and WWE President Nick Khan have now been named co-CEOs.
Also on Friday, Laurinaitis was replaced as executive vice president of talent relations by Stephanie McMahon鈥檚 husband, Paul Levesque. Levesque is known to WWE fans as 14-time world champion Triple H.
鈥淚 look forward to returning to my prior position as head of Talent Relations. I鈥檓 healthy, fired up, and ready to take charge,鈥� Levesque said in a .
Levesque retired from the ring earlier this year. that a bout with viral pneumonia last year resulted in heart failure. He also said he had a defibrillator implanted in his chest.
In addition to his time starring in the ring, Levesque has held various jobs in the WWE boardroom since 2010.
The WWE confirmed to 黑料吃瓜网 Radio Friday afternoon that the retirement is not a storyline for the sports entertainment company.
Vince McMahon looms over the company he bought from his father Vincent J. McMahon 40 years ago.
鈥淎s I approach 77 years old, I feel it鈥檚 time for me to retire as Chairman and CEO of WWE,鈥� McMahon said in a . 鈥淭hroughout the years, it鈥檚 been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you.鈥�
鈥淎s the majority shareholder, I will continue to support WWE in any way I can.鈥�
