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John Santora Joins WeWork as New CEO
John Santora, most recently Tri-State chairman at Cushman & Wakefield, has joined WeWork as its new CEO, the company announced Tuesday. The news follows an announcement earlier in the day that CEO David Tolley had stepped down as CEO and as a director of the company effective with the completion of its restructuring.
Santora said, “I firmly believe that flexible work is no longer just an option, but rather a strategic imperative for companies wanting to maximize the efficiency of their real estate footprint, as well as their dynamic workforce. While there is much work to do, with these supportive, structural trends, and a restructured organization in place, I could not be more confident in our future and I am energized and excited by the challenge that lies ahead.
“I would also like to take this moment to thank all of my colleagues, partners and clients – and the entire Cushman & Wakefield family, past and present – who I have had the sincere pleasure and honor to work with over the past 47 years. I am so proud of how the firm has evolved and I wish everyone associated with the company the very best.”
Following its emergence Tuesday from Chapter 11, WeWork also announced its new board. Along with Santora, it includes the following:
- Anant Yardi, founder and CEO of Yardi Systems
- Adnan Ahmad, advisor, Yardi Systems
- Arnie Brier, SVP and general counsel, Yardi Systems
- Jason Yardi, senior director, technology, Yardi Systems
- Daniel Ehrmann, partner and head of restructuring at King Street
- Jagannath Iyer, partner at SoftBank Investment Advisers
