McMahon's decision comes several months after her husband experienced a cardiac event last September, which led to his official retirement from in-ring competition, as well as a temporary absence from his full-time executive role.

Wrestling Observer Newsletter's Dave Meltzer confirmed McMahon took on her husband's responsibilities in his absence and Levesque has since returned full-time.

Additionally, Meltzer reported that McMahon made the decision to take a leave of absence herself and had planned to for some time.

McMahon has served as a public face of WWE and a member of its Board of Directors alongside her father, Vince, for nearly two decades, owning a 2.5% share of the WWE stock, which is currently valued at around $116 million, as well as serving an on-screen authority figure for WWE television at varying times during that span.

McMahon's announcement also comes months after reports that her brother, Shane, was "out of WWE" following his Royal Rumble match appearance.

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