WeWork appoints Paul Aronzon, Paul Keglevic, Elizabeth LaPuma and Henry Miller to its Board of Directors

– USA, NY –  WeWork Inc. (NYSE: WE), the leading global flexible space provider, today announced the appointments of Paul Aronzon, Paul Keglevic, Elizabeth LaPuma, and Henry Miller to its Board of Directors effective immediately.

“These new director appointments bring a fresh perspective and renewed commitment to the Board and our company,” said interim CEO, David Tolley. “The deep financial expertise and robust business experience that each of our new directors brings to the table will add immense value as we double down on sustainably reducing costs, continuing to grow memberships and revenue, and strengthening our balance sheet.”

The company also announced that Daniel Hurwitz, Vivek Ranadivé, and Véronique Laury have stepped down from the Board.

About Paul Aronzon

Paul Aronzon is a strategic financial consultant with extensive experience including successful exchange and tender offers, rights offerings, mergers & acquisitions, financing transactions, and corporate reorganization transactions. He founded PSA Consulting in 2019 where he currently provides financial and business advice and fiduciary services. Mr. Aronzon formerly led law firm Milbank, Tweed, Hadley & McCloy LLP’s Global Financial Restructuring Group and was also EVP and MD of Imperial Capital. With over 40 years of experience as an attorney and lead advisor with a wide range of companies across various sectors, Mr. Aronzon is an experienced board member with expertise in helping advise companies explore strategic options to strengthen their performance and balance sheet.

About Paul Keglevic

Paul Keglevic previously served as CEO of electric utility company Energy Future Holdings, having also held several roles at the company including CFO and CRO. Before that, Mr. Keglevic served as an audit partner at PricewaterhouseCoopers LLP, where he was a member of the U.S. leadership team responsible for their industry program, and in various roles at Arthur Andersen LLP, including as lead of the utilities practice, before joining PwC. Mr. Keglevic is an NACD-certified director with deep expertise in finance and accounting, risk management, and regulatory, and operational improvement. He currently sits on the boards of NYSE-listed utility company Evergy and healthcare company Envision, in addition to having served as an independent board member across a wide range of other companies and sectors.

About Elizabeth LaPuma

Elizabeth LaPuma has advised on landmark transactions across industries and around the globe for over 20 years and in matters totaling trillions of dollars in value. Ms. LaPuma was most recently the Head of UBS’s Balance Sheet Advisory Group, serving as a Managing Director. She previously ran Alvarez & Marsal Asset Management Services Group’s practice, managing a portfolio of assets including a $2.5bn portfolio of debt and equity investments and approximately another $3.0bn of international assets, and has held roles in BlackRock’s Financial Markets Advisory Group and at Lazard Ltd. Ms. LaPuma has extensive board experience having served on boards across a wide variety of industries including Enterra Solutions, a private AI company; Round Hill Capital Group, a real estate investment firm; Surgalign, a public healthcare company; and private equity firm Ventura Capital.

About Henry Miller

Henry Miller was a Co-founderof  Marblegate Asset Management, LLC, where he also previously served as Chairman. Before that, he co-founded Miller Buckfire & Co., LLC, and served as Chairman, Managing Directo,r and CEO. Before this, Mr. Miller was Vice-Chairman and Managing Director at Dresdner Kleinwort Wasserstein and its predecessor company Wasserstein Perella & Co. He was also a Managing Director and Head of both the Restructuring Group and Transportation Industry Group of Salomon Brothers Inc., and a Managing Director and Co-Head of Investment Banking at Prudential Securities. Mr. Miller currently serves on the board of advisors of Marblegate Asset Management, LLC, and previously served on the boards of American International Group, Inc., Interpublic Group of Companies, Inc., and Ally Financial Inc. He also serves on the Board of Trustees of Fordham University.

About WeWork

WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences.

SOURCE: https://www.wework.com/

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