<p>WeWork Inc said on Tuesday that Sandeep Mathrani would step down as the workspace provider's chief executive officer, effective May 26.</p>.<p>Mathrani, a real estate industry veteran, was named WeWork CEO in 2020 and tasked with the company's turnaround following a botched IPO attempt and amid rising investor concerns over corporate governance standards.</p>.<p>Separately, Sycamore Partners said Mathrani had been appointed as a director at the private equity firm.</p>.<p>WeWork said board member David Tolley has been named as interim CEO and will work alongside its president and chief operating officer, Anthony Yazbeck.</p>.<p>The company added lead independent director Daniel Hurwitz would serve as chairman of the board and head a special committee to search for a permanent CEO. </p>
<p>WeWork Inc said on Tuesday that Sandeep Mathrani would step down as the workspace provider's chief executive officer, effective May 26.</p>.<p>Mathrani, a real estate industry veteran, was named WeWork CEO in 2020 and tasked with the company's turnaround following a botched IPO attempt and amid rising investor concerns over corporate governance standards.</p>.<p>Separately, Sycamore Partners said Mathrani had been appointed as a director at the private equity firm.</p>.<p>WeWork said board member David Tolley has been named as interim CEO and will work alongside its president and chief operating officer, Anthony Yazbeck.</p>.<p>The company added lead independent director Daniel Hurwitz would serve as chairman of the board and head a special committee to search for a permanent CEO. </p>