WeWork emerges from bankruptcy, names John Santora its new CEO

Dow Jones06-12

MW WeWork emerges from bankruptcy, names John Santora its new CEO

By Ben Glickman

WeWork said it had emerged from bankruptcy and named Cushman & Wakefield executive John Santora as its next chief executive officer.

The shared office-space provider made the appointment on Tuesday afternoon, hours after they said that CEO David Tolley would step down.

WeWork $(WEWKQ)$ said that Santora had most recently served as Cushman & Wakefield's $(CWK)$ tri-state chair. He has worked at the real-estate services firm for 40 years and has previously held roles of global chief operating officer and chief integration officer.

The company named a new board of directors, which includes four representatives from Yardi Systems, which is taking WeWork private as part of the company's bankruptcy plan.

Tolley has helmed WeWork since May 2023. Santora's appointment is effective Wednesday.

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

June 11, 2024 16:57 ET (20:57 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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