Marcelo Claure, Sprint’s former CEO, has stepped in to help turn around WeWork.
Adam Neumann, WeWork’s co-founder and CEO, resigned Sept. 24. WeWork was supposed to go public, but the coworking space operator pulled the IPO amid a tumbling valuation.
Claure joined Softbank Group Corp. in 2013, when the Japanese conglomerate bought his phone distribution company, Brightstar. Claure was CEO at Sprint from 2014 to 2018. SoftBank owns a majority stake of the Overland Park, Kansas-based wireless company.
SoftBank Chairman Masayoshi Son asked Claure to take a more direct role at WeWork after Neumann’s departure. Claure will look to help the company’s new leadership team with revenue and cost-saving opportunities.