WeWork shakes up chief finance post

CFO Kimberly Ross is leaving after just 6 months on the job

National /
Sep.September 09, 2020 12:10 PM
WeWork CFO Benjamin Dunham and Kimberly Ross (LinkedIn)

WeWork CFO Benjamin Dunham and Kimberly Ross (LinkedIn)

WeWork is swapping out its finance chief after just six months.

The shared-office giant’s CFO Kimberly Ross, who took the position in March, will be stepping down at the end of this month, WeWork announced Wednesday.

The company said Ross, a 25-year veteran of the corporate finance world, is leaving “for personal reasons.”

She will be replaced by Benjamin Dunham, who for the past two years has served as the head finance officer for WeWork’s Americas division.

He will report directly to company CEO Sandeep Mathrani.

WeWork recently received a commitment from SoftBank to lend the co-working company $1.1 billion, multiple outlets reported last month. At the time of the news, WeWork had not yet tapped the loan, which gives the company 12 months to draw down on.

WeWork hired Ross soon after Mathrani joined the company in February, tasked with turning the money-losing startup around after its botched IPO last year.





    Related Articles

    arrow_forward_ios
    Wendy Silverstein (Credit: Getty Images)
    Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
    Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
    WeWork CEO Adam Neumann (Credit: Getty Images and iStock)
    WeWork’s side businesses are fizzling
    WeWork’s side businesses are fizzling
    Sarah Pontius (Credit: Union College)
    Another head rolls at WeWork
    Another head rolls at WeWork
    Softbank CEO Masayoshi Son and Adam Neumann (Getty/Illustration by Kevin Rebong for The Real Deal)
    Adam Neumann, SoftBank near settlement agreement
    Adam Neumann, SoftBank near settlement agreement
    CBRE CEO Bob Sulentic and Industrious CEO Jamie Hodari (Getty, Industrious/Illustration by Kevin Rebong for The Real Deal)
    CBRE acquires 35% stake in flex-office provider Industrious
    CBRE acquires 35% stake in flex-office provider Industrious
    WeWork CEO Sandeep Mathrani (Wikipedia Commons, iStock/Illustration by Kevin Rebong for The Real Deal)
    WeWork slashes rents in some cities
    WeWork slashes rents in some cities
    The Yard CEO Morris Levy and 8 Herald Square (Google Maps, iStock)
    The Yard expands into now-defunct Herald Square hotel
    The Yard expands into now-defunct Herald Square hotel
    From left: Valon board member Angela Strange, Valon CEO Andrew Wang and Adam Neumann (Photos via Andreessen Horowitz, Valon, Getty)
    Adam Neumann invests in mortgage servicing startup
    Adam Neumann invests in mortgage servicing startup
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...