The controversial cofounder is stepping down amid increasing pressure.
Photo by Jackal Pan/VCG via Getty ImagesUnder increasing scrutiny from board members and investors, WeWork’s Adam Neumann is stepping down as CEO of the company, according to an announcement on Tuesday., was made during a lengthy board call. Neumann will stay on as a nonexecutive chairman on the board.
WeWork will name two current executives, Artie Minson and Sebastian Gunningham as interim co-chiefs while it searches for Neumann’s permanent replacement., after reducing its estimated market valuation to as low as $10 billion, down from $47 billion in January. Investors—and particularly the company’s key shareholder, Softbank, had expressed concern over WeWork’s mounting losses, imbalanced corporate governance and Neumann’s unusually large degree of control over the company .
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Embattled WeWork Founder Adam Neumann Steps Down As CEOThe controversial co-founder is stepping down amid increasing pressure.
Consulte Mais informação »
Embattled WeWork Founder Adam Neumann Steps Down As CEOWeWork’s Adam Neumann is stepping down as CEO of the company by skleb1234
Consulte Mais informação »
WeWork co-founder Adam Neumann stepping down as CEONeumann will stay on in WeWork, the company he co-founded, in a non-executive role as chairman of the board
Consulte Mais informação »
WeWork CEO Adam Neumann steps downThe executive has been under pressure since WeWork released its pre-IPO S-1 filing amid concerns about its corporate governance and valuation.
Consulte Mais informação »
WeWork Investors Look To Oust CEO Adam NeumannKey WeWork investors are leading a boardroom campaign to oust chief executive and co-founder Adam Neumann.
Consulte Mais informação »
WSJ News Exclusive | WeWork CEO Adam Neumann Expected to Step DownBreaking: Adam Neumann is expected to step down as WeWork CEO but remain chairman, according to people familiar with the matter
Consulte Mais informação »