The MD of WeWork South-east Asia and Korea, Turochas "T" Fuad, has resigned pursue other interests. The ews broke out when Faud updated his LinkedIn with a post on separating from WeWork.
In a press, WeWork has announced the appointment of Samit Chopra as its new MD for the Pacific region, overseeing Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Korea and Australia.
The leadership restructuring comes when the firm is attempting a turnaround following its botched listing attempt in 2019. WeWork reported a net loss of US$1.25 BN (S$1.76 BN) in the third quarter last year.
In the LinkedIn post, Fuad said that he has decided to shift his attention to his "next entrepreneurial path". He joined WeWork after Spacemob, the Singapore-based co-working startup he founded, was acquired by WeWork in 2017 for an undisclosed sum. "It is something I've mulled over for a while now and I can feel my entrepreneurial spirit calling again. I will be forever grateful for the lifetime memories, amazing friends I've come to know, and the difference we've made," he said in the post.
Chopra, whose appointment was effective on Monday, brings over two decades of experience in the real estate industry to WeWork. He was most recently executive vice-president of enterprise and sales at office space provider IWG.
Prior to that, he held senior roles at real estate services firm JLL, including as an International Director and head of integrated portfolio services for Europe, the Middle East, and Americas.
Based in Singapore, Chopra will be responsible for WeWork Pacific's financial management, go-to-market strategy, sales leadership, growth and innovation, and talent development. He will report to WeWork's international chief operating officer, Eugen Miropolski.