The decision to appoint Stephanie McMahon as WWE’s interim CEO and chairman was reportedly made by a special committee made up of eight members of WWE’s board of directors.
According to Dave Meltzer in the latest Wrestling Observer Newsletter, the four board members who were not involved in the decision-making process were Stephanie, Nick Khan, Vince McMahon and “Triple H” Paul Levesque.
The report added that although it was Vince’s decision to resign from his business duties, he refrained from naming his interim successor.
The eight board members who elected Stephanie are Steve Koonin, the CEO of the Atlanta Hawks and State Farm Arena in Atlanta, Ignace Lahoud, the CEO of Majid Al Futtaim, Erika Nardini, the CEO of Barstool Sports, Steve Pamon, the president of Verzuz , Connor Schell, and Words + Pictures founder and CEO, Jeffrey Speed, former Executive Vice President and CFO of Six Flags, Inc., and Alan Wexler, Senior Vice President Innovations and Growth for General Motors.
Shortly after Stephanie went on leave last month, Meltzer reported that certain senior WWE officials wanted to “bury her on her way out,” following a Business Week report noting that several top officials believed the company “was” underperforming in ad revenue” with Stephanie as Chief Brand Officer. The report also claimed that it was not Stephanie’s idea to leave, but that it was Vince who made the decision to leave her, citing the lack of new sponsorship under her supervision.
Interestingly, Meltzer reported Friday that none of the eight board members who brought Stephanie to power were involved in the process of “burying” her behind the scenes, which would indicate that they are firm supporters of Stephanie.
According to Fightful Select, many talents backstage are delighted to see Stephanie in charge. A top star told the publication it’s “f-ing rules” that Stephanie is their boss, albeit in a temporary capacity. Less than a week after Stephanie took over, her husband, Triple H, returned to WWE’s Performance Center to take on his backstage responsibilities, which he left after his heart attack last year. On his return to WWE earlier this year, Triple H’s duties were reportedly drastically different than before his absence. Earlier this week, however, Triple H emphatically said “I’m back” while addressing talents on the WWE PC, which would indicate that he is back in a prominent position in NXT.
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