{"id":3000055415,"date":"2022-03-29T16:30:03","date_gmt":"2022-03-29T20:30:03","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?post_type=news&#038;p=3000055415"},"modified":"2022-03-29T16:23:42","modified_gmt":"2022-03-29T20:23:42","slug":"wework-announces-new-softbank-appointment-to-board-of-directors-and-designates-chairman","status":"publish","type":"news","link":"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-announces-new-softbank-appointment-to-board-of-directors-and-designates-chairman","title":{"rendered":"WeWork Announces New SoftBank Appointment to Board of Directors and Designates Chairman"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>NEW YORK, NY<\/strong> <strong>\u2013<\/strong> <strong>March 29, 2022<\/strong> <strong>\u2013<\/strong> WeWork Inc. (NYSE: WE), a leading global flexible space provider, today announced that Saurabh Jalan, Partner at SoftBank Group International (\u201cSBGI\u201d), has joined WeWork\u2019s Board of Directors. Jalan will bring his extensive experience working with global technology platforms to WeWork\u2019s Board of Directors. Additionally, the Board has appointed WeWork CEO Sandeep Mathrani to the position of Chairman of the Board; Mathrani has served on the Board since he was appointed CEO of WeWork in February 2020.&nbsp;<\/p>\n\n\n\n<p>In his current role at SBGI, Jalan oversees large, global investments, including SoftBank&#8217;s stakes in WeWork, T-Mobile US, Deutsche Telekom AG, TelevisaUnivision, Inc. and Snapdeal. Jalan has been with SoftBank since 2015 and has spent time in the United States, Europe, India, and South East Asia as SoftBank scaled its technology investing efforts. Prior to joining SoftBank, Jalan held positions at AEA Investors, a middle-market private equity firm based in London, and, prior to that, at Silver Lake Partners, a technology-focused private equity firm based in New York and London.<\/p>\n\n\n\n<p>\u201cHaving worked closely with the WeWork management team over the past several years as they led the company\u2019s turnaround, I am looking forward to supporting them in building on WeWork\u2019s leadership in the flexible space market,\u201d said Jalan.&nbsp;<\/p>\n\n\n\n<p>Since Mathrani\u2019s appointment as CEO, he has spent the last two years leading the organization\u2019s transformation efforts. Under his leadership, the company has made significant progress in streamlining operations&nbsp;and&nbsp;stabilizing the space-as-a-service business, while finding new ways to monetize WeWork\u2019s existing footprint and technology. In his role as Chairman, Mathrani will leverage his deep understanding of WeWork\u2019s business to elevate opportunities that support the short- and long-term growth of the company. Mathrani will partner with Bruce Dunlevie, who will continue to serve as WeWork\u2019s Lead Independent Director, to set the agenda for the Board.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cSandeep\u2019s appointment as Chairman is a testament to the high esteem in which he is held by WeWork\u2019s Board of Directors, as well as his tremendous commitment to WeWork\u2019s business, its members and employees,\u201d said Bruce Dunlevie, Lead Independent Director of the Board, and general partner of Benchmark Capital, WeWork\u2019s first institutional investor. \u201cIn just two years as CEO, Sandeep has not only rebuilt WeWork\u2019s foundation but has oriented the company\u2019s path towards sustainable profitability through disciplined growth and innovation.\u201d<\/p>\n\n\n\n<p><strong>About WeWork<\/strong><br>WeWork Inc. (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we\u2019ve become one of the leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at <a rel=\"noreferrer noopener\" href=\"http:\/\/www.wework.com\/\" target=\"_blank\">wework.com<\/a>.<\/p>\n\n\n\n<p><strong>Contacts<\/strong>:<br>Press<br>Nicole Sizemore<br>press@wework.com<\/p>\n\n\n\n<p>Investor Relations<br>Chandler Salisbury<br>investor@wework.com<\/p>\n","protected":false},"author":883,"featured_media":3000055416,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news_tag":[43939],"class_list":["post-3000055415","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WeWork Announces New SoftBank Appointment to Board of Directors and Designates Chairman - WeWork Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-announces-new-softbank-appointment-to-board-of-directors-and-designates-chairman\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork Announces New SoftBank Appointment to Board of Directors and Designates Chairman\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, NY \u2013 March 29, 2022 \u2013 WeWork Inc. 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