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WeWork to hire property veteran Mathrani

WeWork is close to naming property veteran Sandeep Mathrani as its new chief executive.

The troubled serviced offices group saw its value shrink from $47bn to $8bn after a catastrophic failed IPO that claimed the scalp of its former chairman and chief executive Adam Neumann.

Artie Minson and Sebastian Gunningham have been serving as interim co-chief executives since last September.

Mathrani is set to take over later this month, moving over from Canadian giant Brookfield, which bought his mall owner General Growth Properties in 2018.

The Sunday Times(£)

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