WeWork in talks with Legere of T-Mobile for CEO job

Andrew Cummings
November 12, 2019

Naturally, it's entirely possible that WeWork will end up with a different individual heading the company, but since John Legere's name has been mentioned, we'll keep you posted as the company's search for a CEO continues.

Embattled workspace company WeWork is in talks to hire T-Mobile's "rock star" CEO, John Legere, to lead the company, the Wall Street Journal reports.

Facing questions about the viability of its business model and its unusual corporate governance, the company called off its initial public offering in September.

A representative for T-Mobile declined to comment. Also that month, WeWork's co-founder Adam Neumann stepped down as chief executive, to be replaced by two executives, Sebastian Gunningham and Artie Minson. SoftBank is also a majority owner in USA wireless carrier Sprint, which is now being bought by T-Mobile.

Legere, 61, has run T-Mobile for the past six years and is credited with turning the company's fortunes by attracting large volumes of customers from competitors, and instigating a $26 billion takeover of Sprint.

The merger between the third- and fourth-largest U.S. wireless companies cleared a hurdle in July when the Justice Department approved the acquisition. Legere is CEO of T-Mobile, which he has led since 2012.

Marcelo Claure the former chairman and CEO of Sprint, has been acting as the chairman of WeWork and the de facto head of the turnaround effort since Softbank poured $10 billion into the company last month.

WeWork, T-Mobile, and Sprint all have ties to SoftBank, the Japanese firm that took control of WeWork after its disastrous IPO attempt in August. SoftBank and its Vision Fund now own about 80% of WeWork.

Other reports by iNewsToday