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Vince McMahon retires as WWE chief amid probes into alleged misconduct

Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.
Michael N. Todaro | Getty Images

World Wrestling Entertainment CEO Vince McMahon announced Friday that he was retiring after decades of leading the company founded by his family, a move that comes a month after WWE’s board said it was investigating allegations of misconduct against him.

“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon said in a statement.

“I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand,” he said. “Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment.”

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