WeWork CEO Mathrani Stepping Down; Tolley to Become Interim CEO
- Board member David Tolley will become interim CEO at WeWork
- The office-space company also reaffirms its forecast
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WeWork Inc. Chief Executive Officer and Chairman Sandeep Mathrani is stepping down to take a job at Sycamore Partners, bringing fresh upheaval to a former high-flier in the midst of a restructuring effort.
David Tolley, a WeWork board member and telecom veteran, will become interim CEO, according to a statement Tuesday. Another board member, Daniel Hurwitz, will become chairman and lead a committee to seek a permanent CEO. Mathrani’s exit is effective May 26.