Vince McMahon retiring as WWE chairman and CEO

"The most important person in the history of WWE and professional wrestling is handing over the reins."

"Vince McMahon is retiring as WWE chairman and CEO, he announced Friday."

"In a WWE news release,  Vince McMahon further announced that his daughter, Stephanie,"

"and current World Wrestling Entertainment president Nick Khan will be taking over as co-CEOs."

"Stephanie McMahon, who has been acting as interim CEO,"

"will also take over as chairwoman, according to the Vince McMahon statement."

"Vince McMahon stepped down from his roles in WWE last month following reports he paid millions to suppress allegations of sexual misconduct and infidelity."

"Vince McMahon remains WWE's majority shareholder."

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