WeWork shuffles C-suite executives amid international push

Former managing director of Asia and Europe was promoted to COO

TRD NATIONAL /
Apr.April 22, 2019 12:34 PM

From left: Adam Neumann, Eugen Miropolski and Jen Berrent (Credit: Getty Images and Twitter)

The co-working giant formerly known as WeWork is reorganizing its C-suite as it tries to build its international presence.

The We Company promoted Eugen Miropolski to chief operating officer from managing director of Europe and Asia — excluding Japan. Miropolski will remain based in London, according to Recode. Its COO Jen Berrent was named co-president and will remain the company’s chief legal officer, reporting to CEO Adam Neumann.

WeWork, which has had an international presence since 2014, expanded to nine new countries last year and plans to open its first office in Africa in Johannesburg. Miropolski told Recode that he’ll be focused on expanding WeWork “whether they’re in Jakarta or Johannesburg.”

The SoftBank-backed company said at the end of last year that more than half of its workspace desks were outside of the U.S. Despite its revenue more than doubling to $1.82 billion, heavy spending toward worldwide expansion led to losses of $1.93 billion for the year.

The We Company has also been on an acquisition spree, most recently buying office management startup Managed By Q, a platform that office tenants can use to hire on-demand staff like receptionists, IT support or cleaners. In February, the company acquired Euclid, a platform that monitors people’s movement in physical space, offering “workplace insights.”

The We Company’s latest valuation reached $45 billion after it secured a $3 billion investment from SoftBank, making it the second most valuable U.S. startup. [Recode]Katherine Kallergis


Related Articles

arrow_forward_ios
Laura Kozelouzek, CEO of Quest Workspaces, and a Quest classroom

Office is out, school is in: Co-working operators try to lure students into workspace

Office is out, school is in: Co-working operators try to lure students into workspace
5212 North Bay Road in Miami Beach and Marcelo Claure (Getty)

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown
WeWork Lincoln Road with Sandeep Mathrani (Google Maps, WeWork)

WeWork’s Lincoln Road landlord seeks $20M in unpaid rent

WeWork’s Lincoln Road landlord seeks $20M in unpaid rent
WeWork Lenox Avenue, WeWork Lincoln Road and CEO Sandeep Mathrani (Lenox location by Katherine Kallergis, WeWork, iStock)

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave
WeWork at 429 Lenox Avenue (Credit: HFF)

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
As resi brokers in South Florida report an uptick in sales and rentals largely fueled by homeowners fleeing dense markets like New York, office brokers say they’re starting to see a similar trend play out among tech firms. (iStock)

More tech firms eye Miami as Covid carries on

More tech firms eye Miami as Covid carries on
(Credit: iStock)

Here’s how South Florida’s office market is changing in the coronavirus era

Here’s how South Florida’s office market is changing in the coronavirus era
Daniel de la Vega with the previous website and the redesigned version (Credit: iStock)

One Sotheby’s rolls out new website during pandemic

One Sotheby’s rolls out new website during pandemic
arrow_forward_ios

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

Loading...