WWE co-CEO Stephanie McMahon resigns, Vince returns as executive chairman

FILE PHOTO: World Wrestling Entertainment owner Vince McMahon looks out at the crowd during a segment of NBC's 'Today' show in New York April 2, 2007. McMahon had his head shaved as a result of losing a wager to Television personality and real estate developer Donald Trump over the outcome of a wrestling match during WWE's "Wrestlemania 23." REUTERS/Brendan McDermid

(Reuters) -World Wrestling Entertainment elected former chief Vince McMahon as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman Stephanie McMahon resigned from her role.

Nick Khan will serve as the new WWE CEO, the entertainment firm added.