Sandeep Mathrani Steps Down as WeWork CEO, to Join Sycamore Partners

WeWork CEO Sandeep Mathrani has announced his resignation, effective May 26, as he takes on a new role at Sycamore Partners. Mathrani is credited with leading WeWork through a transformative period, navigating challenges posed by the global pandemic and a tough economic climate. Under his leadership, the company achieved substantial cost reductions, revenue growth, and the introduction of new product lines. Joining Sycamore Partners as a director, Mathrani will now oversee their real estate activity, leveraging his expertise to optimise and enhance the value of their portfolio. Sycamore Partners, a New York-based private equity firm, expressed excitement about having Mathrani on board, given his extensive experience and operational insights. Mathrani’s departure marks a significant change for WeWork, while Sycamore Partners looks forward to leveraging his real estate acumen to drive further success in their ventures.