The executive has been under pressure since WeWork released its pre-IPO S-1 filing amid concerns about its corporate governance and valuation.
WeWork CEO Adam Neumann announced Tuesday he is stepping down after a uproar over governance and valuation just as the company was planning to go public.exec, and CFO Artie Minson, formerly of AOL and Time Warner Cable, will take over as co-CEOs, while Neumann will be nonexecutive chairman, the company said. The new CEOs are expected to remain in those roles permanently, the company said.
"While our business has never been stronger, in recent weeks, the scrutiny directed toward me has become a significant distraction, and I have decided that it is in the best interest of the company to step down as chief executive," Neumann said in a statement. Neumann's future at WeWork, which offers coworking rental space around the world, has been in question as the company has been preparing for an initial public offering. The company
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WeWork board members seek to remove Adam Neumann as CEOSome WeWork directors are planning to push Adam Neumann to step down as chief executive after the start-up delayed its much-anticipated initial public offering, according to people familiar with the matter.
Leer más »
WeWork Investors Look To Oust CEO Adam NeumannKey WeWork investors are leading a boardroom campaign to oust chief executive and co-founder Adam Neumann.
Leer más »
WeWork board members reportedly seeking Adam Neumann to step down as CEOReports are that some board members are pushing for the CEO to step down a week after the startup delayed its IPO.
Leer más »
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
Leer más »
WeWork CEO Adam Neumann to step down amid controversy and retain chair roleThe executive has been under pressure since WeWork released its S-1, amid concerns about its corporate governance and valuation.
Leer más »