WeWork co-founder Adam Neumann is stepping down as CEO of the company.

Neumann will be replaced by Sebastian Gunningham and Artie Minson, two current WeWork executives, as chief executives.

Neumann came under harsh scrutiny from board members and investors this week, who blamed the CEO for the company’s profitability woes and difficulty enticing investors. WeWork delayed its initial public offering last week and saw its estimated market value slip to $15 billion, down from $47 billion in January.

See more: WeWork cofounders Adam and Rebekah Neumann are close friends with Ivanka Trump and Jared Kushner and invited them to Rebekah’s extravagant 40th birthday bash in Italy

Former top executives and employees of WeWork spoke to Business Insider about Minson and Gunningham, describing both as steadying forces compared to Neumann’s more disorderly approach.

Here’s everything we know about Gunningham and Minson, the two executives who are about to step into the leading roles at WeWork.

Credits: Business Insider

Leave a comment