WeWork in Talks to Hire T-Mobile CEO John Legere

Published on: 12 Nov, 2019

WeWork has reportedly talked to T-Mobile (NASDAQ: TMUS) Chief Executive Officer John Legere about possibly taking over the Company, according to The Wall Street Journal.

WeWork is conducting a search for a new Chief Executive Officer after Adam Neumann was ousted from the Company following its failed attempt for an initial public offering. Co-Chief Executive Officers Artie Minson and Sebastian Gunningham have filled Neumann spot until a permanent role is found.

CNBC reported that Legere is among several candidates that WeWork is potentially considering filling the spot. Sources told CNBC that search is ongoing and no decision has been finalized yet.

A source close to SoftBank confirmed that Legere is one of the many candidates being considered for the position, but he’s not the leading candidate.

Legere is expected to step down as T-Mobile Chief Executive Officer once the deal with Sprint (NYSE: S) is complete. Legere has served in his position since 2012, pushing the mobile carrier into a strong competitor. CNBC reported previously that T-Mobile President and Chief Operating Officer Mike Sievert is expected to take over as Chief Executive Officer once the deal closes.

Since Legere took the reigns as Chief Executive Officer of T-Mobile, the Company has witnessed it shares rise by over 240% and grown from the fourth-largest carrier in the U.S. to the third largest, becoming a legitimate competitor against Verizon (NYSE: VZ) and AT&T (NYSE: T), according to the Journal.

T-Mobile and WeWork previously had relations before. SoftBank, which took control of Wework last month, is a majority owner of Sprint and played a large role in installing Sprint Chief Executive Officer Marcelo Claure. Claure was also recently named WeWork’s Executive Chairman.

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Bryan Shin

Email: Bryan@financialinsiders.com

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