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WWE co-CEO steps down as father returns to executive chair role

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Stephanie McMahon resigned as co-CEO of the WWE wrestling organization after her father, Vince, was reelected as executive chair of the board.

Vince McMahon retired from the organization last year amid sexual misconduct allegations.

Nick Khan, formerly co-CEO alongside the younger McMahon, is now the company's sole chief executive.

Read more from CNBC.

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