WeWork appoints Benjamin Dunham as CFO


© 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.

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