Vince McMahon announced his retirement from the roles of Chairman and CEO of World Wrestling Entertainment (WWE) on Friday after leading the top global professional wrestling promotion for decades. His daughter Stephanie McMahon and Nick Khan will take over the roles of co-CEOs of the company.

"As I approach 77 years old, I feel it is time for me to retire as Chairman and CEO of WWE. Throughout the years, it has been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. 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," said McMahon in a statement as per official WWE Corporate website.