Vince McMahon is voluntarily stepping away from his duties as CEO and Chairman of WWE amid an investigation into alleged misconduct by the billionaire ... and his daughter, Stephanie, has been appointed interim CEO and interim Chairwoman.
WWE and its Board of Directors, of which Vince is a member, announced on Friday the 76-year-old will take a step back from his responsibilities as the org.'s honcho until the conclusion of the investigation.
"WWE and its Board of Directors take all allegations of misconduct very seriously," the statement read.