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WeWork has appointed Saurabh Jalan, a SoftBank partner, as a new board member to replace former operating chief Marcelo Claure after he left the company earlier this year.ย
WeWork CEO Sandeep Mathrani was also named as executive chairman, a position that Claure formerly held.ย
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Jalan has worked at SoftBank since 2015 and currently oversees the Japanese conglomerateโs largest global investments, which includes its stakes in WeWork.ย ย
Mathrani replaced founder and former CEO Adam Neumann after the companyโs headline-grabbing failed attempt to go public.ย
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Last October, the company went public via merging with a special purpose acquisition company. Since then, its shares have fallen by around 40%, but gained 2% this week.ย
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Source:
Bloomberg
