WeWork CFO Andre Fernandez resigns; Kurt Wehner named successor; Q2 guidance reaffirmed

WeWork Inc.

CFO Andre Fernandez resigns effective June 1, 2023, not due to disagreement with the Company.
Kurt Wehner, Chief Accounting Officer, appointed CFO and Treasurer effective June 1, 2023.
Q2 2023 revenue guidance reaffirmed at $840 million to $865 million.
Q2 2023 Adjusted EBITDA guidance reaffirmed at $(10 million) to $15 million.
Available cash at end of Q2 expected consistent with or slightly better than debt restructuring projections.

item 5.02 item 7.01

Executive movements

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Departed

Andre Fernandez

Chief Financial Officer and Treasurer

WeWork Inc.

Effective: 2023-06-01
Successor: Kurt Wehner
Filed: May 24, 2023, 7:59 PM ET

On May 18, 2023, Andre Fernandez notified WeWork Inc. (the “Company” or “WeWork”) of his intention to resign from his position as Chief Financial Officer (“CFO”) and Treasurer of the Company, effective June 1, 2023.

Appointed

Kurt Wehner

Chief Financial Officer and Treasurer

WeWork Inc.

Effective: 2023-06-01
Filed: May 24, 2023, 7:59 PM ET

On May 24, 2023, the Company’s Board of Directors (the “Board”) appointed Kurt Wehner, the Company’s Chief Accounting Officer, as CFO and Treasurer, effective June 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andre Fernandez resigned as Chief Financial Officer and Treasurer at WeWork Inc..

Action: resigned
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On May 18, 2023, Andre Fernandez notified WeWork Inc. (the “Company” or “WeWork”) of his intention to resign from his position as Chief Financial Officer (“CFO”) and Treasurer of the Company, effective June 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Wehner was appointed as Chief Financial Officer and Treasurer at WeWork Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On May 24, 2023, the Company’s Board of Directors (the “Board”) appointed Kurt Wehner, the Company’s Chief Accounting Officer, as CFO and Treasurer, effective June 1, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-152951

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