ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

WeWork's Neumann steps down as SoftBank seeks to save investment

Controversial co-founder to stay on as non-executive chairman

NEW YORK -- Adam Neumann, co-founder of the SoftBank Group-backed startup WeWork, has relinquished his role as CEO, the co-working company said Tuesday.

The "scrutiny directed toward me has become a significant distraction, and I have decided that it is in the best interest of the company to step down as chief executive," Neumann, who will stay on as non-executive chairman, said in a statement.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more