Backstage News on Stephanie McMahon named interim CEO

Backstage News on Stephanie McMahon named interim CEO

The decision to appoint Stephanie McMahon as interim CEO and President of WWE 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 step down from his corporate duties, he recused himself from the process of nominating his interim successor.

The eight board members who elected Stephanie are Steve Koonin, CEO of Atlanta Hawks and State Farm Arena in Atlanta, Ignace Lahoud, CEO of Majid Al Futtaim, Erika Nardini, CEO of Barstool Sports, Steve Pamon , Verzuz Chairman Connor Schell and Founder and CEO of Words + Pictures, Jeffrey Speed, former Executive Vice President and Chief Financial Officer of Six Flags, Inc., and Alan Wexler, Senior Vice President of Innovations and Growth of General Motors.

Shortly after Stephanie took a leave of absence last month, Meltzer reported that some top WWE brass wanted to “bury her on the way out”, echoing a report from Business Week which noted that several senior executives felt the company was ‘underperforming in terms of advertising revenue’ with Stephanie as brand manager. The report also claimed that it was not Stephanie’s idea to leave, but that it was Vince who took the decision to walk away, citing the lack of new sponsorships under his leadership.

Interestingly, Meltzer reported on Friday that none of the eight board members who put Stephanie in power were involved in the process of “burying her” behind the scenes, which would indicate that they are from strong supporters of Stephanie.

According to Fightful Select, many talents behind the scenes are thrilled that Stephanie is being put in place. A top star told the publication that he’s “f—ing the rules” that Stephanie is their boss, albeit on an interim basis. Less than a week after Stephanie took the reins, her husband, Triple H, returned to the WWE Performance Center to take on his backstage responsibilities, which he had walked away from following his heart event last year. . When he returned to WWE earlier this year, Triple H’s duties would have been drastically different than before his absence. Earlier this week, however, Triple H emphatically said “I’m back” while addressing WWE PC talent, which would indicate he’s back to a top position in NXT. .

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