WeWork taps oil exec as new CFO

Kimberly Ross formerly worked at Baker Hughes, Avon Products and Ahold Delhaize

TRD NATIONAL /
Mar.March 02, 2020 10:30 AM
Kimberly Ross (Credit: Chubb)

Kimberly Ross (Credit: Chubb)

WeWork has named Kimberly Ross its new chief financial officer, the company announced on Monday.

Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held the same role at Avon Products and Ahold Delhaize, a retail company based in the Netherlands. She sits on the Board of Directors at Chubb Insurance Group, Nestle and PQ Corporation.

Ross is the latest new face on WeWork’s executive team, as the office-space giant has moved to right the ship following a failed public offering rollout last year. Masayoshi Son, whose SoftBank is the startup’s biggest backer, handpicked former Sprint CEO Marcelo Claure as WeWork’s executive chairman. Claure has since changed up the company’s leadership.

Last month, WeWork tapped former Brookfield and General Growth Properties executive Sandeep Mathrani  as its new CEO and former Ernst & Young executive Shyam Gidumal as chief operating officer.

Three board members resigned earlier in the year: former Goldman Sachs executive Mark Schwartz, Rhone Capital CEO Steven Langman and longtime SoftBank executive Ron Fisher.

Claure said in a recent interview with Andrew Ross Sorkin on CNBC that WeWork had put together a plan to achieve profitability by 2021, and Ross said in a statement that she was ready to be a key part of this plan.

“I am excited to join the company at this critical point in its history,” she said in a statement, “working closely with Sandeep, Marcelo and the management team to help improve the financial position of WeWork.”


Related Articles

arrow_forward_ios
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
(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
Sandeep Mathrani and the Four Seasons Residences at The Surf Club (Credit: Four Seasons)

WeWork CEO buys condo at Four Seasons in Surfside

WeWork CEO buys condo at Four Seasons in Surfside
Mauricio Zapata, Lyle Chariff, and Luis Guevara, with a rendering of NeueHouse Miami

Co-working operator NeueHouse expands to Miami

Co-working operator NeueHouse expands to Miami
Laura Hines-Pierce and Jeff Hines

Hines CEO talks coronavirus, Opportunity Zones and WeWork

Hines CEO talks coronavirus, Opportunity Zones and WeWork
A photo illustration of Pat O’Meara, the historic Security Building at 117 Northeast First Avenue with former WeWork CEO Adam Neumann (Credit: Google Maps, Getty Images, iStock)

Inside the failed crypto auction of a WeWork-leased office tower

Inside the failed crypto auction of a WeWork-leased office tower
Daily Digest Miami

Monroe County seeks $150M to combat sea level rise, Bloomberg’s record may polarize voters

Monroe County seeks $150M to combat sea level rise, Bloomberg’s record may polarize voters
Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo
arrow_forward_ios

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

Loading...