Vince McMahon is stepping down as CEO and chairman of WWE during an investigation into alleged misconduct involving the longtime leader and public face of the organization.
McMahon will continue to oversee WWE's creative content during the investigation, World Wrestling Entertainment said Friday.
McMahon's daughter, Stephanie, will serve as interim CEO and chairwoman, the organization said. The Wall Street Journal recently reported that the board was investigating a $3 million US settlement that McMahon paid to a departing female employee with whom he allegedly had a consensual affair. "I 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," McMahon said in a prepared statement Friday.