WeWork Announces New Directors to Strengthen Its Board of Directors

WeWork, the leading global flexible space provider, has recently announced the appointment of four new directors to its Board of Directors. These appointments aim to bring a fresh perspective and enhanced expertise to the company as it focuses on reducing costs, growing memberships and revenue, and strengthening its balance sheet. The new directors are Paul Aronzon, Paul Keglevic, Elizabeth LaPuma, and Henry Miller.

Paul Aronzon is a strategic financial consultant with extensive experience in financial restructuring, mergers and acquisitions, and corporate reorganization. He founded PSA Consulting in 2019 and has over 40 years of experience advising companies across various sectors. His expertise will be vital in helping WeWork explore strategic options to strengthen performance and balance sheet.

Paul Keglevic, former CEO and CFO of Energy Future Holdings, brings deep expertise in finance, accounting, risk management, and operational improvement. With his experience as an audit partner at PricewaterhouseCoopers LLP, Keglevic has served in leadership roles in utility and healthcare companies. His insights will contribute significantly to WeWork's financial management strategies.

Elizabeth LaPuma, who has advised on landmark transactions totaling trillions of dollars, joins the Board with over 20 years of experience in the financial industry. As the former Head of UBS's Balance Sheet Advisory Group and with roles at Alvarez & Marsal and BlackRock, LaPuma brings extensive board experience and a deep understanding of financial markets.

Henry Miller, Co-founder of Marblegate Asset Management, LLC, has a wealth of experience in investment banking and restructuring. With his roles at Miller Buckfire & Co., Wasserstein Perella & Co., and Salomon Brothers Inc., Miller brings valuable insights to the Board. He has also served on the boards of American International Group, Inc., Interpublic Group of Companies, Inc., and Ally Financial Inc.

The appointment of these new directors comes as Daniel Hurwitz, Vivek Ranadivé, and Véronique Laury step down from the Board. WeWork continues to search for additional independent directors and a permanent Chief Executive Officer.

WeWork was founded in 2010 with the goal of creating environments where people and companies can come together and do their best work. As the leading global flexible space provider, WeWork offers technology-driven turnkey solutions, flexible spaces, and community experiences.

With these new appointments, WeWork is well-positioned to navigate the challenges of the current market and drive sustainable growth. The expertise and experience of the new directors will contribute to the company's strategic decision-making and help solidify its position as a leader in the flexible space industry.

For more information about WeWork and its services, please visit wework.com.

In conclusion, the appointment of new directors to the WeWork Board of Directors is a strategic move that will enhance the company's expertise, strengthen its financial management, and drive sustainable growth. With their diverse backgrounds and extensive experience, Paul Aronzon, Paul Keglevic, Elizabeth LaPuma, and Henry Miller will play crucial roles in shaping WeWork's future strategies.