September 2019

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.