Knotel hiring former Chairman of WeWork as CEO

Knotel brings in a veteran WeWork to help straighten up bankruptcy flex operator.

Ex We are working Vice President Michael Gross will join Knotel as its CEO, the Wall Street Journal reported.

Gross’s first order will be to reduce Knotel’s significant losses. The company already plans to close a number of its branches as part of a bankruptcy restructuring. The judge approved last week Acquisition of Knotel by Newmark.

“I do not see the decline as a reflection of a product that was in many ways some time ago, but as a sign of market uncertainty,” the Gross Journal said. “It’s very attractive to have Newmark behind you.” We have deep resources. “

Knotel will also bring Eric Gross, Michael’s brother and Yoav Gery as co-chairs. Eric Gross recently served as CEO of WeWork and Gery was recently President Selina, the launch of hospitality supported by WeWork co-founder Adam Neumann.

Source: qualityconstructionalliance