WeWork Inc. announced that David Tolley has been named Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief Executive Officer since May 2023. Tolley brings over 25 years of experience creating and executing strategies and operational improvements that drive value, cash flow, and revenue.

Tolley will continue to lead WeWork?s ongoing transformation efforts. WeWork remains focused on building a sustainable and profitable business as it executes its strategic plan, which includes renegotiating nearly all of its leases to reduce rent expenses and driving operational efficiency. WeWork also continues to invest in its buildings, offerings, and products to strengthen its global footprint, and further enhance its signature member experience.

Tolley most recently served as Chief Financial Officer of Intelsat S.A. from 2019 to 2022. Over the course of his career, Tolley has also served as Chief Financial Officer of OneWeb, was a private equity partner at Blackstone from 2000 to 2011 and prior to that was a Vice President in the Investment Banking Division of Morgan Stanley.