WeWork Press Kit - Conference Room in Houston Galleria

WeWork chairman Marcelo Claure introduced four new executives at the company’s all-staff meeting on Friday.
The four men join an executive team with only one woman. Claure said diversity will be a focus in the future.
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WeWork’s Friday all-hands meeting focused on the road ahead, and its chairman named four men who will help steer the company’s stabilization efforts.

Marcelo Claure, who’s also SoftBank’s chief operating officer, explained the changes at Friday’s meeting.

He also addressed criticisms about leadership’s lack of diversity: of the 13 people currently at the top of the company, only one – chief legal officer Jen Berrent – is a woman. Claure said the company will focus on diversity in the future, adding women to the executive team and to its all-male board of directors.

WeWork has been criticized for a male-dominated, party-centric culture, with employees taking cues from ousted founder Adam Neumann. Multiple women and people of color told Business Insider in a September feature that they felt WeWork’s professed culture of inclusivity didn’t seem to include them.

Claure and other top executives have repeatedly emphasized that they’re breaking with WeWork’s past under Neumann.

WeWork’s additions to the executive team also illustrate how SoftBank is increasingly taking a direct role with leadership at some of its troubled investments. Earlier this month, the Japanese investor stepped in at automotive leasing company Fair, ousting its chief executive and CFO, who was the CEO’s brother, Business Insider previously detailed.

At Fair, SoftBank put operating partner Adam Hieber in the interim CEO role and named an outside executive, also a man, as CFO.

WeWork’s new org chart

Business Insider obtained a copy of the new organizational chart, which shows co-CEOs Sebastian Gunningham and Artie Minson at the top, next to Claure. Gunningham continues …read more

Source:: Business Insider


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