– USA, NY – WeWork Inc. (NYSE: WE), a leading global flexible space provider, today announced the appointment of Saurabh Jalan to its Board of Directors, bringing his extensive experience working with global technology platforms to the Board.
Concurrently, the company also announced the appointment of its CEO and Board member Sandeep Mathrani to the position of Chairman of the Board of Directors.
“Sandeep’s appointment as Chairman is a testament to the high esteem in which he is held by WeWork’s Board of Directors, as well as his tremendous commitment to WeWork’s business, its members, and employees. In just two years as CEO, Sandeep has not only rebuilt WeWork’s foundation but has oriented the company’s path towards sustainable profitability through disciplined growth and innovation,” said Bruce Dunlevie, Lead Independent Director.
About Saurabh Jalan
Saurabh Jalan is Partner at SoftBank Group International where he oversees large, global investments, including SoftBank’s stakes in WeWork, T-Mobile US, Deutsche Telekom AG, TelevisaUnivision, Inc., and Snapdeal. Saurabh Jalan has been with SoftBank since 2015 and has spent time in the United States, Europe, India, and Southeast Asia as SoftBank scaled its technology investing efforts. Before joining SoftBank, Saurabh Jalan held positions at AEA Investors, a middle-market private equity firm based in London, and, before that, at Silver Lake Partners, a technology-focused private equity firm based in New York and London.
“Having worked closely with the WeWork management team over the past several years as they led the company’s turnaround, I am looking forward to supporting them in building on WeWork’s leadership in the flexible space market,” said Saurabh Jalan.
About Sandeep Mathrani
Since he was appointed CEO, he has spent the last two years leading the organization’s transformation efforts. Under his leadership, the company has made significant progress in streamlining operations and stabilizing the space-as-a-service business, while finding new ways to monetize WeWork’s existing footprint and technology. In his role as Chairman, Sandeep Mathrani will leverage his deep understanding of WeWork’s business to elevate opportunities that support the short- and long-term growth of the company.
About WeWork
WeWork Inc. 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 one of the leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences.
For more information: https://www.wework.com/
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