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Vince McMahon No More WWE's CEO

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World Wrestling Entertainment announced Friday that its famed CEO, Vince McMahon, has stepped back from his leadership responsibilities

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The WWE board of directors appointed McMahon's daughter, Stephanie McMahon, as interim CEO and chairwoman until the probe's conclusion.

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“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation,”

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Later Friday, McMahon kicked off “WWE Friday Night SmackDown” with a brief address, saying he would like to remind fans of the sport's "signature" words:

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"Then, now, forever, and the most important word is together." Welcome to SmackDown," he said, tossing his microphone.

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Few CEOs are as closely associated with a product as McMahon is to pro wrestling. He frequently appears in WWE broadcasts

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And even as the board looks into possible misconduct, directors are still allowing McMahon to "retain his role and responsibilities related to WWE’s creative content

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“I love this company and am committed to working with the Independent Directors to strengthen our culture and our Company;

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