WWE CEO Vince McMahon will be stepping down from his role effective immediately, and his daughter Stephanie will step in as interim CEO, the World Wrestling Entertainment’s board of directors announced Friday, just days after reports emerged that the WWE was investigating a $3 million settlement he allegedly paid a female former employee with whom he had an affair.

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” Vince McMahon said in a press statement.