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Vince McMahon retiring as WWE chairman and CEO, signaling massive shift in pro wrestling

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

Vince McMahon is retiring as WWE chairman and CEO, he announced Friday. In a WWE press release, the 76-year-old McMahon further announced that his daughter Stephanie and current WWE president Nick Khan will be taking over as co-CEOs. Stephanie, who has been acting as interim CEO, will also take over as chairwoman, per the McMahon statement.

"Throughout the years, it's been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you," McMahon's statement read.