Sandeep Mathrani: Meet the India-born CEO and Chairman of WeWork

After two years of hard work, he has also been given the charge of Chairman for the same company. Sandeep currently serves on the executive board and the board of trustees for the International Council of Shopping Centers, and on the board of directors of Host Hotels & Resorts, Inc. Sandeep is an Indian-American real estate executive who joined WeWork two years ago  following the co-working company’s descent into bankruptcy and departure of controversial former CEO and founder Adam Neumann.

Sandeep Mathrani is the Chief Executive Officer(CEO) and the Chairman of WeWork. Sandeep became the CEO of WeWork, the global flexible workspace provider, in February 2020. After two years of hard work, he has also been given the charge of Chairman for the same company. Sandeep currently serves on the executive board and the board of trustees for the International Council of Shopping Centers, and on the board of directors of Host Hotels & Resorts, Inc.

Sandeep is an Indian-American real estate executive who joined WeWork two years ago  following the co-working company’s descent into bankruptcy and departure of controversial former CEO and founder Adam Neumann.  In 2019, WeWork’s valuation of US$47bn had spiralled to bankruptcy, dropping to just US$2.9bn by early 2020. Not just this, he had another unforeseen challenge that arrived within his 1st month in the job, as the Covid19 hit and the world went into lockdown, leaving WeWork- whose entire business depends on people sharing co-working space, out of business. However, overcoming all such challenges Sandeep successfully led the company to a place that he has now given another crucial role to play in the company.

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Earlier Mathrani served as the CEO of General Growth Properties (GGP.Inc) from 2010 to 2018. He began the successful transformation of the then second-largest US shopping centre operator, leading the Chicago-based REIT through bankruptcy in 2010. He raised  US$2.3bn and recapitalized the company with another US$6.8bn to turn around GGP’s fortunes. Later it was sold to Brookfield Properties and Sandeep was named as the CEO of Brookfield's retail group.

Mathrani was born in Gujarat in 1962. He did his schooling at Cathedral and John Connon School in Mumbai, India. Later he undertook two master’s degrees, in engineering and in management science, at the Stevens Institute of Technology in New Jersey. Sandeep Mathrani is married to Ayesha Bulchandani-Mathrani, a board member at the Frick Collection, according to Business Insider.
 

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