Stephanie McMahon has resigned as co-CEO and chairman of the board of WWE, the company announced Tuesday.
Why it matters: McMahon's resignation comes days after her father Vince McMahon announced he was appointing himself back to WWE's board to lead a potential sale process.
Nick Khan, who had been serving as co-CEO with Stephanie McMahon, was named sole CEO.
Catch up quick: The elder McMahon announced last week that he had elected himself executive chairman and appointed former WWE presidents Michelle Wilson and George Barrios to the board, via a written consent order.
JoEllen Lyons Dillon, Jeffrey Speed, and Alan Wexler were removed from WWE's board. Two more board directors — Ignace Lahoud and Man Jit Singh — resigned the following morning.
