WeWork (Collaborated Workspace Startup) Today i.e. 3rd February 2019, announced the appointment of Sandeep Mathrani as its Chief Executive Officer and Board Member. The Backdrops of the company in August last year, the CEO and Co-Founder Adam Neumann stepped down to make room for Sebastian J Gunningham, and Artie Minson as Co-CEOs in September after failed attempts at an initial public offering past few months is replaced by the Real Estate Maestro Sandeep Mathrani.
Mathrani will report directly to Executive Chairman Marcelo Claure and will also be part of the board.
WeWork added that Minson and Gunningham will stay with the company through a transition period to ensure a smooth Onboarding Process.
The company has made essential changes in its operating model and organization structure with a more clear governance structure to enable the proper and smooth execution of the company plan with proper accountability throughout the organization.
Who is Sandeep Mathrani?
Sandeep Mathrani, an Indian-American real estate veteran, has previously served as the CEO of the US-based property management company Brookfield properties in the retail sector. Before Brookfield, Mathrani was the CEO of GGP (General growth properties) for eight years.
WeWork an American Real Estate company that works to provide shared workspaces for technology startups and services for other enterprises and Entrepreneurs. With over 4 million square meters with the parent company The We Company, WeWork operated in 740 locations across 140 cities and 37 countries with approximately 662,000+ membership were there, including Global Enterprise.
Recent Activity Glimpse of WeWork
- The company made changes in the organizational structure and operating model.
- The company recently Established a liquidity position for access to additional liquidity of approximately 2.5 billion cash flow.
- Built Six pillars with growth led transformation plans and outlined a Five -year Strategic plan.