WeWork Parent to Name Real-Estate Veteran Sandeep Mathrani New CEO

WeWork plans to name real-estate industry veteran Sandeep Mathrani as its new chief executive, according to people familiar with the matter, a critical step in the company’s bid to rebuild following a failed IPO attempt and the departure of co-founder and former CEO Adam Neumann.

Mr. Mathrani, previously chief executive of Brookfield Property Partners’ retail group, replaces Artie Minson and Sebastian Gunningham, who have served as co-CEOs of WeWork parent We Co. since Mr. Neumann stepped down in September.

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