WeWork appoints Andre Fernandez as CFO - ET RealEstate

Abstract

Andre Fernandez, who most recently served as the CFO, will assume office on June 10. WeWork reported a smaller quarterly loss earlier this month and saw its revenue rise about 28% to $765 million.Companies are increasingly opting for a hybrid-work model to be more cost effective in a high inflation environment, benefiting office rental companies such as WeWork. The New-York-based firm also reaffirmed its second quarter and full-year forecasts. The company also reaffirm their second quarter. The firm also tightened its third quarter andFull-year forecasts. Earlier this month, WeWork tightened its current-quarter revenue outlook to $800 million to $825 million.