WeWork CEO Steps Down As Office Space Company Emerges From Chapter 11
WeWork CEO Steps Down As Office Space Company Emerges From Chapter 11
WeWork (OTC:WEWKQ) Chief Executive Officer David Tolley will step down on Tuesday less than eight months after accepting the role.
WeWork（OTC：WEWKQ）首席执行官David Tolley将于周二辞职，接受该职位不到8个月。
The resignation comes as the flexible workspace company plans to emerge from bankruptcy.
辞职是在这家灵活的办公空间公司计划从破产中恢复过来之际发生的。
New York-based WeWork also expects to name a new CEO and board of directors on Tuesday.
总部位于纽约的WeWork还希望于周二任命新的CEO和董事会成员。
The company filed for bankruptcy in November as it faced liabilities between $10 billion and $50 billion.
该公司在去年11月申请破产，因面临100亿至500亿美元的负债。
"When I joined WeWork just over one year ago, I knew the company faced real challenges in order to restructure its business to become financially and operationally sustainable," Tolley said in a statement on Tuesday.
Tolley在周二的一份声明中说：“当我在一年多前加入WeWork时，我知道公司面临真正的挑战，必须重构其业务，以实现财务和运营的可持续性。”
"I'm delighted to have had the opportunity to lead our unique, incredible company into and out of this remarkably successful, transformational restructuring."
“我很高兴有机会带领我们独特、难以置信的公司进入和走出这个非常成功的、变革性的重组。”
Also read: WeWork Loses Its Former NYC Headquarters To Rival Industrious
同时阅读：WeWork将其NYC前总部失给竞争对手Industrious
WeWork has cut its future lease obligations in half, Tolley said. The company also shed billions of dollars in debt and raised $400 million of additional equity capital.
Tolley表示，WeWork减少了一半的未来租赁义务。该公司还削减了数十亿美元的债务并筹集了4亿美元的额外股本。
"I'm deeply grateful for the opportunity I've had to contribute to driving our company forward, and would like to express my heartfelt thanks to all of the members of the WeWork team who've worked tirelessly with me over the last year," said Tolley, who joined WeWork's board of directors in February 2023.
托利在2023年2月加入WeWork董事会，他说：“我深表感激我为我们的公司推动发展所拥有的机会，并要向所有与我共同努力的WeWork团队成员表示衷心的感谢。”
During Tolley's tenure as CEO, WeWork renegotiated over 190 leases and exited over 170 unprofitable locations. It also reduced annual rent and tenancy expenses by over $800 million, and total future rent expenses by more than $12 billion (over 50%).
在托利担任CEO期间，WeWork重新谈判了190多个租约，并退出了超过170个不盈利的地点。它还将年租金和租赁费用削减了超过8亿美元，并将未来租赁费用削减了超过120亿美元（50%以上）。
It also equitized $4 billion of prepetition indebtedness and secured $400 million of new equity capital to support operating investments and future strategic growth. Further, WeWork's management team reduced selling, general and administrative costs by over 30%.
还将40亿美元的债务股权化，并获得了4亿美元的新股本以支持营运投资和未来的战略增长。此外，WeWork的管理团队将销售、一般和管理成本削减了30%以上。
In April, WeWork rejected a $650 million offer from co-founder and former owner Adam Neumann to buy the company back. His proposal did not offer a high enough price to win over lenders, Reuters reported.
今年4月，WeWork拒绝了共同创始人和前业主Adam Neumann以6.5亿美元的报价回购公司。据路透社报道，他的提议没有提供足够高的价格赢得放贷人的支持。
WeWork estimates its post-bankruptcy equity to be worth about $750 million, down from its valuation of $47 billion in 2019.
WeWork估计其破产后的股权价值约为7.5亿美元，低于2019年的470亿美元。
Also read: WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company
同时阅读：WeWork的前CEO Adam Neumann提出6亿美元的报价，以重新掌控破产公司
Image: Shutterstock
图片：shutterstock