WeWork names real estate veteran Sandeep Mathrani its new ceo

WeWork named Sandeep Mathrani as its new chief executive officer, tapping an experienced real estate operator for a bid to turn around the embattled startup.

Mathrani, who was previously chief executive of Brookfield Property Partners’ retail group, will need to execute a plan for WeWork to refocus on co-working and abandon unrelated ventures started by its co-founder, Adam Neumann. Mathrani will replace Artie Minson and Sebastian Gunningham, WeWork said in a statement. The duo has served as co-CEOs of WeWork parent We Co. since Neumann stepped down in September following a failed attempt to take the company public.