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New York & Tri-State  + New York  + Finance  |  October 17, 2023
WeWork has introduced WeWork Workplace, a space management solution that was developed in partnership with Yardi
Emily Fu
By: Emily Fu

WeWork Names David Tolley Permanent CEO

WeWork has appointed David Tolley as its new CEO. Tolley, who was serving as interim CEO, is tasked with leading WeWork through its tumultuous times. During his interim role, Tolley executed significant cost-saving measures, including renegotiating office leases, which boosted WeWork’s stock by 9%. Tolley stated that these actions were aimed at achieving profitability and long-term member service. 

Tolley, who joined WeWork’s board of directors in February 2023, brings a wealth of experience, having served as the CFO for various organizations, including Intelsat S.A. and OneWeb. WeWork has faced financial turbulence, having recently skipped interest payments to lenders and receiving a delisting warning from the NYSE. S&P Global Ratings also downgraded its credit rating. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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