WeWork COO Anthony Yazbeck to leave

Dow Jones2023-10-19

MW WeWork COO Anthony Yazbeck to leave

Office-space provider WeWork Inc. (WE) on Thursday said that Anthony Yazbeck would leave his position of president and chief operating officer, a move that will take hold on Friday. WeWork said in a filing that the departure was "not due to any disagreement with respect to operations, strategy, or any accounting matters, financial statements, financial disclosures or related disclosure controls and procedures." The decision was made on Oct. 13. Under the terms of the departure, Yazbeck will be entitled to a payment of 874,448 pounds, or around $1.1 million, as well as 360,000 pounds "as payment in lieu of the contractual notice period under Mr. Yazbeck's employment agreement." Both payments will be made in cash. Shares were up 2.4% after hours.

-Bill Peters

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

October 19, 2023 17:26 ET (21:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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WeWork said in a filing that the departure was \"not due to any disagreement with respect to operations, strategy, or any accounting matters, financial statements, financial disclosures or related disclosure controls and procedures.\" The decision was made on Oct. 13. Under the terms of the departure, Yazbeck will be entitled to a payment of 874,448 pounds, or around $1.1 million, as well as 360,000 pounds \"as payment in lieu of the contractual notice period under Mr. Yazbeck's employment agreement.\" Both payments will be made in cash. Shares were up 2.4% after hours. \n\n\n     -Bill Peters \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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