Office-sharing startup WeWork recently named former Ernst & Young executive, Shyam Gidumal as the company’s new Chief Operating Officer. Shyam’s appointment is the first major appointment under the new Indian-origin CEO Sandeep Mathrani.
Earlier in February, real-estate expert Mathrani was appointed as the Chief Executive Officer by the company.
In a statement, CEO Mathrani said, “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.”
He further added, “We look forward to continuing to add to the WeWork senior leadership team.”
According to a Business Today report, post this appointment, WeWork is soon expected to hire a new Chief Financial Officer.
The latest appointments at WeWork are a part of broader top-level management changes. WeWork had recently taken a U-turn from going public after it was found that it’s valuation was inflated. Soon, after the IPO debacle, Founder and former CEO Adam Neumann was forced to leave the company by Softbank.
A former partner at Boston Consulting Group, Gidumal previously served as a partner and principal at Ernst & Young, where he led the retail and consumer products market segment.
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