WeWork Appoints New COO in First Major Hire Under New CEO

Anne Chou

Linda Parton / Shutterstock.com

WeWork announced that Shyam Gidumal, a former Ernst & Young executive, will be its new chief operating officer. He is the first major executive hire under WeWork’s new CEO Sandeep Mathrani.

The hire comes a few days after real-estate veteran Mathrani formally stepped into the CEO role at the office-sharing company. Mathrani, the former chief executive of Brookfield Property Partners’ retail group, was named CEO earlier in February. He takes over from interim co-CEOs, Artie Minson and Sebastian Gunningham, who were appointed after co-founder and CEO Adam Neumann stepped down in September.

“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. “Having him as a partner in managing our business that spans 37 countries will be a significant boon to our operations and executive team. We look forward to continuing to add to the WeWork senior leadership team.”

Gidumal was most recently a partner and principal at Ernst & Young, where he led the retail and consumer products market segment. Prior to that, he was a partner at The Boston Consulting Group.

Mathrani, together with WeWork’s executive chairman Marcelo Claure, are expected to continue to build out the executive team with a new chief financial officer expected to be named soon, according to reports.

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