WeWork is searching for a new chief executive following the departure of co-founder Adam Neumann
- WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with the matter said on Monday, as the U.S. office-sharing start-up seeks to reverse its widening losses.
WeWork has been in talks with a number of potential CEO candidates, including U.S. wireless carrier T-Mobile US Inc CEO John Legere, the sources said. The Wall Street Journal first reported on Legere’s talks with WeWork about the CEO job.Legere is not a leading candidate for the WeWork CEO role, one of the sources said. Ongoing talks with WeWork could represent a conflict, given that Legere is seeking to renegotiate with SoftBank the $26 billion merger of T-Mobile and Sprint Corp .
SoftBank last month spent around $10 billion to take control of WeWork, rescuing the company from potential bankruptcy after it failed to complete an initial public offering, which also led to Neumann’s departure. Since taking control of WeWork, SoftBank has already installed its chief operating officer, Marcelo Claure, as the executive chairman of WeWork parent The We Company.SoftBank has talked about the need to return to WeWork’s core business of renting out trendy office space to freelancers and enterprises. That would pull the company back from the fringe activities Neumann had forayed into, such as education.
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