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Chicago Sun-Times

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USA TODAY SPORTS

Vince McMahon steps down as head of WWE

Vince McMahon WWE Stephanie McMahon Nick Khan Sexual Misconduct

Vince McMahon announced his retirement as Chairman & CEO of WWE. (Jessica Hill/AP file photo)

Vince McMahon announced his retirement as Chairman & CEO of World Wrestling Entertainment on Friday. The 76-year-old ran the WWE for 40 years, succeeding his father in 1982.

“I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment,” McMahon said in a statement. “I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.”

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