Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani.
The move is a few days after the new chief executive formally took charge of SoftBank-controlled WeWork. Earlier in February, WeWork named Mathrani as its CEO.
"Shyam has been an invaluable partner to me for many years during critical business inflection points, helping to focus operations and organizations including at Vornado, and repositioning companies for effective growth," Mathrani said in a statement.
"We look forward to continuing to add to the WeWork senior leadership team," he added.
A former partner at Boston Consulting Group, Gidumal previously served as a partner and principal at Ernst & Young, where he led the retail and consumer products market segment.
The latest appointments are part of a broader top-level management overhaul at WeWork, which recently was forced to abandon its much-hyped public debut and oust its CEO and founder Adam Neumann.
WeWork is also soon expected to hire a new chief financial officer, according to a source directly familiar with the matter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)