Sandeep Mathrani

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Sandeep Mathrani
Born1962 (age 60–61)
Mumbai, India
Education Cathedral and John Connon School
Stevens Institute of Technology (BA, MS)
Occupation(s)Chairman and CEO, WeWork

Sandeep Mathrani (born 1962) is an Indian-American real estate executive, and was the chief executive officer (CEO) and chairman of WeWork until he resigned May 26, 2023. [1] [2] Most recently, he was CEO of Brookfield Properties' Retail Group and vice chairman of Brookfield Properties (from 2018 to 2020). Prior to that, he was CEO of GGP for eight years until it was sold to Brookfield in August 2018. [3]

Contents

Early life and education

Mathrani was born and raised in Mumbai, India. He went to high school at Cathedral and John Connon School.[ citation needed ] He emigrated to Philadelphia in the United States alone at the age of 16.[ citation needed ] In 1983, he graduated from college at the Stevens Institute of Technology in Hoboken, New Jersey, obtaining his bachelor's degree in engineering.[ citation needed ] In 1986, he obtained his master's degree in Management Science from Stevens. [4] He was mentored by three real estate giants: Bruce Flatt, [5] Bruce Ratner and Steven Roth. [4] [6]

Business career

Mathrani began as the CEO of GGP Inc. in 2011, just as the company was emerging from Chapter 11 bankruptcy. He was hired away from his previous job as an executive with Vornado Realty Trust, the company owned by his mentor. [7] He was CEO until 2018, when it was purchased by Brookfield Property Partners. [8] After the acquisition, Mathrani joined Brookfield as the chief executive of its retail property management arm. [9] [8]

In February 2020, Mathrani was brought on board as the new CEO of real estate company WeWork, following the ouster of its CEO Adam Neumann and the collapse of its IPO. [10]

See also

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References

  1. ↑ https://investors.wework.com/news-and-events/press-releases/financial-releases-details/2023/WeWork-Announces-CEO-Transition/default.aspx
  2. ↑ "WeWork Announces New SoftBank Appointment to Board of Directors and Designates Chairman". www.businesswire.com. 2022-03-29. Retrieved 2023-02-02.
  3. ↑ "WeWork - Governance - Board of Directors - Person Details". investors.wework.com. Retrieved 2023-01-13.
  4. 1 2 "This is everything we know about WeWork's new CEO Sandeep Mathrani, a former real estate executive who has been called a 'corporate turnaround artist'".
  5. ↑ "New CEO 'a positive' for General Growth: analysts". Crain's Chicago Business. 2010-10-28. Retrieved 2023-01-13.
  6. ↑ Moin, David (2012-10-30). "Jewish Committee Honors Sandeep Mathrani". WWD. Retrieved 2023-01-13.
  7. ↑ Gustafson, Krystyna (April 19, 2016). "How $20,000 created a mall industry titan". CNBC News. Retrieved January 1, 2020.
  8. 1 2 Gallun, Abby (May 3, 2018). "CEO in line to get $189 million in sale of GGP". Crain's Chicago Business News. Retrieved February 1, 2020.
  9. ↑ Gasparino, Charlie (February 1, 2020). "WeWork parent to name real-estate veteran Sandeep Mathrani new CEO". FOX Business. Retrieved February 1, 2020.
  10. ↑ Eavis, Peter (February 1, 2020). "WeWork to Name New Chief". The New York Times . Retrieved February 1, 2020.
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