WeWork appoints CEO Mathrani as chairman

FILE PHOTO: Sandeep Mathrani, CEO of WeWork, Inc. attends his company's IPO on the NYSE trading floor in New York
FILE PHOTO: WeWork, Inc. CEO Sandeep Mathrani attends his company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, the United States, on October 21, 2021. REUTERS/Brendan McDermid

March 29, 2022

(Reuters) – WeWork Inc on Tuesday named Chief Executive Officer Sandeep Mathrani as chairman of the office-sharing company, months after Marcelo Claure gave up the position.

Mathrani, a real estate industry veteran, was named WeWork’s chief executive in 2020 and given the task of turning the tide after an IPO attempt and investor concerns about corporate governance standards.

Claure, the former chief operating officer of SoftBank Group Corp, also left his position at the Japanese investment giant in January.

WeWork announced on Tuesday that Saurabh Jalan, from SoftBank Group International, a unit of SoftBank Group, has joined its board of directors.

Jalan, who has been with SoftBank since 2015, oversees the conglomerate’s investments in companies like WeWork and T-Mobile US, among others.

(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta) WeWork appoints CEO Mathrani as chairman


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