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WeWork reportedly in talks to hire T-Mobile exec as CEO
WeWork is looking for a new leader to stabilize company after Adam Neumann’s ouster
After the dramatic ouster of former CEO Adam Neumann, WeWork may have found a new leader.
The company is in talks with T-Mobile US Inc. chief executive John Legere to take over the position, according to the Wall Street Journal.
The office-sharing startup’s parent company — We Company — is reportedly looking for someone who can right the ship after the firm’s failed IPO attempt led to Neumann’s resignation and SoftBank’s bailout of the company.
The saga led to WeWork’s valuation plunging to about $8 billion from $47 billion.
WeWork executives Artie Minson and Sebastian Gunningham have led the company as a team since September.
Legere, 61, has run T-Mobile for the past six years and is credited with turning around the company’s fortunes by attracting a large volume of customers from competitors, and instigating a $26 billion takeover of Sprint. Known for his brash and outspoken style, he has labeled rivals “Dumb and Dumber” on Twitter. [WSJ] — Sylvia Varnham O’Regan