WeWork CEO Adam Neumann
Steps Down The announcement follows
the We Company’s decision
to delay going public. According to reports, board members
were looking to remove Neumann as
CEO following the postponement. After filing IPO paperwork in August,
the company came under fire for
Neumann’s unchecked power. The company has also faced
major losses and criticism for
the lack of women on its board. Adam Neumann, via statement Vice Chairman Sebastian Gunningham and the company’s President and Chief Operating Officer
Artie Minson will serve as co-CEOs. Neumann will reportedly
remain onboard as a
non-executive chairman.
Steps Down The announcement follows
the We Company’s decision
to delay going public. According to reports, board members
were looking to remove Neumann as
CEO following the postponement. After filing IPO paperwork in August,
the company came under fire for
Neumann’s unchecked power. The company has also faced
major losses and criticism for
the lack of women on its board. Adam Neumann, via statement Vice Chairman Sebastian Gunningham and the company’s President and Chief Operating Officer
Artie Minson will serve as co-CEOs. Neumann will reportedly
remain onboard as a
non-executive chairman.
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