WeWork's Adam Neumann to step down as CEO; will remain chairman
FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York City, NY, U.S. May 15, 2017. REUTERS/Eduardo Munoz/File Photo
The decision, taken at a board meeting on Tuesday, follows a challenge to Neumann’s authority by his biggest investors, including Japan’s SoftBank Group Corp , venture capital firm Benchmark Capital and Chinese private equity firm Hony Capital, the sources said. Artie Minson, currently chief financial officer of WeWork parent We Company, and Sebastian Gunningham, a vice chairman for the New York-based start-up, will become co-chief executives, the sources said.
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