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WeWork appoints new CEO

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WeWork has appointed Cushman & Wakefield executive John Santora as its new CEO.

"I firmly believe that flexible work is no longer just an option, but rather a strategic imperative for companies wanting to maximize the efficiency of their real estate footprint, as well as their dynamic workforce," Santora said.

The appointment came shortly after WeWork announced the exit of CEO David Tolley effective with the completion of the company's bankruptcy restructuring plan.

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