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In first appointment under new CEO, WeWork names Shyam Gidumal its COO

WeWork is also soon expected to hire a new chief financial officer, according to a source directly familiar with the matter

Reuters 

wework
Embassy has so far pumped roughly ~1400 crore into WeWork’s India business, which includes ~900 crore from Embassy itself, ~300 crore from ICICI Bank, and ~200 crore from other investors such as Tata Capital

Office-sharing startup 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 Earlier in February, 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 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.

First Published: Thu, February 20 2020. 19:33 IST
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