WeWork appoints Benjamin Dunham as CFO

0
54

© Reuters. The emblem of WeWork is seen within the window of a constructing in London

(Reuters) – Workplace-sharing startup WeWork on Wednesday appointed Benjamin Dunham as its chief monetary officer, changing Kimberly Ross.

Dunham, most just lately the finance head of WeWork Americas, will assume workplace on Oct. 1, the corporate mentioned.

Ross, who joined the agency in March as a part of a broader prime administration overhaul being undertaken by Chairman Marcelo Claure, is stepping down owing to private causes, WeWork mentioned.

Final month, WeWork mentioned it had slashed its money burn charge nearly in half from the top of final 12 months and obtained a $1.1 billion dedication in new financing from SoftBank.

The corporate shelved its preliminary public providing in 2019 after buyers grew cautious of its losses, enterprise mannequin and company governance, additional resulting in the resignation of co-founder and former chief government officer Adam Neumann.

WeWork has since undergone an infinite administration shake-up and stays enmeshed in lawsuits over a $3 billion tender provide to current shareholders.

Disclaimer: Fusion Media want to remind you that the info contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not supplied by exchanges however slightly by market makers, and so costs is probably not correct and will differ from the precise market value, that means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding types doable.

LEAVE A REPLY

Please enter your comment!
Please enter your name here