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Search resuls for: "Andre Fernandez"


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WeWork COO Anthony Yazbeck to step down
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
Oct 19 (Reuters) - WeWork's (WE.N) Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley as permanent CEO. The leadership changes at the beleaguered flexible workspace provider comes amid its ongoing efforts to turn around the ailing business. The circumstances leading to Yazbeck's departure is not due to any disagreement related to financial or operational matters, the company said in a regulatory filing. Earlier this year, CEO Sandeep Mathrani and CFO Andre Fernandez departed the company, which made its debut on the public market in 2021. Reporting by Ananta Agarwal in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Anthony Yazbeck, David Tolley, WeWork, Sandeep Mathrani, Andre Fernandez, Ananta Agarwal, Shailesh Organizations: Thomson Locations: Bengaluru
WeWork raises going-concern doubt, shares tank
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Brendan McDermid/File photoAug 8 (Reuters) - WeWork Inc (WE.N) on Tuesday raised "substantial" doubt about its ability to continue as a going concern and said three board members had stepped down, sending its shares down 27% in extended trading. The company had previously said its actions to restructure debt and operations had eased worries over its ability to continue as a going concern. WeWork struck deals in March to cut its debt by about $1.5 billion and extend the date of some maturities to preserve cash. WeWork on Tuesday said it was still continuing its search for a permanent CEO and that it had added four board members after three members stepped down. Reporting by Ananta Agarwal and Chavi Mehta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, WeWork, Sandeep Mathrani, Andre Fernandez, Mathrani, Ananta Agarwal, Chavi Mehta, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, WeWork, Thomson Locations: New York City, U.S, Bengaluru
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