Co - working firm WeWork has announced that its CEO , Adam Neumann , has resigned as the company looks to improve investor confidence before its launch . Neumann agreed to step down after facing scrutiny from major backers such as SoftBank over the close ties between the firm and his personal finances . Many also questioned his leadership style . These concerns reportedly drove the company 's value down to $ 10bn to $ 12bn , having previously been put at $ 47bn . Scrutiny of his leadership had "become a significant distraction," it said. WeWork 's co - president and CFO , Artie Miller , and co - chairman , Sebastian Meyer , have been announced as co - CEOs , while Neumann will remain as non - executive chairman .
Co - working firm WeWork has announced that its CEO , Adam Neumann , has resigned as the company looks to improve investor confidence before its launch . Neumann agreed to step down after facing scrutiny from major backers such as SoftBank over the close ties between the firm and his personal finances . Many also questioned his leadership style . These concerns reportedly drove the company 's value down to $ 10bn to $ 12bn , having previously been put at $ 47bn . WeWork 's co - president and CFO , Artie Miller , and co - chairman , Sebastian Meyer , have been announced as co - CEOs , while Neumann will remain as non - executive chairman .