Vince McMahon voluntarily stepped down as Chairman and CEO of WWE on Friday morning amid allegations of misconduct and an ongoing investigation by the company, the WWE announced in a statement.
“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation," McMahon said in the statement. "I have also pledged to accept the findings and outcome of the investigation, whatever they are."
Stephanie McMahon was named interim CEO and interim Chairwoman. She's the daughter of Vince McMahon, the company's chief brand officer as well as a former wrestler.