Vince McMahon, who recently stepped down as CEO of WWE after a barrage of misconduct allegations, has announced his retirement from WWE.

"As I approach 77 years old, I feel it’s time for me to retire as chairman and CEO of WWE," McMahon said in a statement.

"Throughout the years, it’s 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.