(Reuters) – Softbank (9984.T)-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday.
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch -/File Photo
Mathrani will join the company as the CEO from Feb. 18, 2020 and will report to Marcelo Claure, who will remain as executive chairman, the company said in a statement.
Mathrani succeeds co-CEOs Sebastian Gunningham and Artie Minson, WeWork said.
Both Gunningham and Minson will remain with the company at least through a transition period to ensure a smooth onboarding process, the company said.
The CEO search was handled by the WeWork board without an external executive search firm, the sources said, adding that a couple of search firms were initially considered.
WeWork did not immediately respond to requests for comment.
Mathrani will bring much-needed real estate experience to WeWork. He…
Source Reuters Tech News