(Reuters) – Softbank (9984.T)-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday.
Mathrani will join the company as the CEO from Feb. 18, 2020 and will report to Marcelo Claure, who will remain as executive chairman, the company said in a statement.
Mathrani succeeds co-CEOs Sebastian Gunningham and Artie Minson, WeWork said.
Both Gunningham and Minson will remain with the company at least through a transition period to ensure a smooth onboarding process, the company said.
The CEO search was handled by the WeWork board without an external executive search firm, according to people familiar with the matter, adding that a couple of search firms were initially considered.
Mathrani will bring much-needed real estate experience to WeWork. He is the former chief executive of Brookfield Properties’ retail group, and prior to that he was an executive at real estate firms including Vornado Realty Trust.
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