News Formal

WeWork co-founder Adam Neumann stepping down as CEO

  • 📰 ABC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

WeWork's co-founder Adam Neumann is stepping down from his role as CEO of the co-working startup.

WeWork's co-founder Adam Neumann is stepping down from his role as CEO of the co-working startup, the company announced Tuesday.

WeWork's former CFO and co-president, Artie Minson, and its former vice chairman, Sebastian Gunningham, were announced as the new co-CEOs of the company. Neumann, who co-founded the company in 2010, will stay on in a non-executive role as chairman of the board. "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," he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 Ch11 next..... He should be out 100% WeWorked Bring out the tequila shots!
Source: WSJ - 🏆 98. / 63 Read more »