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）首席執行官David Tolley將於週二辭職，接受該職位不到8個月。
The resignation comes as the flexible workspace company plans to emerge from bankruptcy.
辭職是在這家靈活的辦公空間公司計劃從破產中恢復過來之際發生的。
New York-based WeWork also expects to name a new CEO and board of directors on Tuesday.
總部位於紐約的WeWork還希望於週二任命新的CEO和董事會成員。
The company filed for bankruptcy in November as it faced liabilities between $10 billion and $50 billion.
該公司在去年11月申請破產，因面臨100億至500億美元的負債。
"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在週二的一份聲明中說：“當我在一年多前加入WeWork時，我知道公司面臨真正的挑戰，必須重構其業務，以實現財務和運營的可持續性。”
"I'm delighted to have had the opportunity to lead our unique, incredible company into and out of this remarkably successful, transformational restructuring."
“我很高興有機會帶領我們獨特、難以置信的公司進入和走出這個非常成功的、變革性的重組。”
Also read: WeWork Loses Its Former NYC Headquarters To Rival Industrious
同時閱讀：WeWork將其NYC前總部失給競爭對手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減少了一半的未來租賃義務。該公司還削減了數十億美元的債務並籌集了4億美元的額外股本。
"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.
託利在2023年2月加入WeWork董事會，他說：“我深表感激我爲我們的公司推動發展所擁有的機會，並要向所有與我共同努力的WeWork團隊成員表示衷心的感謝。”
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%).
在託利擔任CEO期間，WeWork重新談判了190多個租約，並退出了超過170個不盈利的地點。它還將年租金和租賃費用削減了超過8億美元，並將未來租賃費用削減了超過120億美元（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%.
還將40億美元的債務股權化，並獲得了4億美元的新股本以支持營運投資和未來的戰略增長。此外，WeWork的管理團隊將銷售、一般和管理成本削減了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拒絕了共同創始人和前業主Adam Neumann以6.5億美元的報價回購公司。據路透社報道，他的提議沒有提供足夠高的價格贏得放貸人的支持。
WeWork estimates its post-bankruptcy equity to be worth about $750 million, down from its valuation of $47 billion in 2019.
WeWork估計其破產後的股權價值約爲7.5億美元，低於2019年的470億美元。
Also read: WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company
同時閱讀：WeWork的前CEO Adam Neumann提出6億美元的報價，以重新掌控破產公司
Image: Shutterstock
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