Vince McMahon on Friday announced that he is retiring from WWE

Earlier in the day, the company had also announced

Triple H aka Paul Levesque will resume his executive position as EVP

In an official statement, McMahon said that as he approaches 77 years of age

he feels that the time has come for him to retire

From the Positions as Chairman and CEO of the company

He said 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

Vince McMahon Retires From WWE