WeWork, a global flexible space provider, has named David Tolley as the new chief executive officer (CEO). Before being named CEO, Tolley served as a WeWork Board Member since February 2023 and interim Chief Executive Officer since May 2023.

As the CEO, Tolley will continue to lead WeWork’s ongoing transformation efforts. Tolley who brings over 25 years of experience creating and executing strategies and operational improvements that drive value, cash flow, and revenue, most recently served as chief financial officer of Intelsat S.A. from 2019 to 2022. Over the course of his career, Tolley has also served as chief financial officer of OneWeb, and prior to that, he was a vice president in the Investment Banking Division of Morgan Stanley.

“The Board is pleased to formally welcome David Tolley to WeWork as its chief executive officer. David is a proven leader, with an exceptional track record of running complex and high-impact businesses, and has brought immense energy, discipline, and focus to WeWork since stepping into the role on an interim basis in May. We are confident that David is the right leader for this pivotal moment and in his ability to drive WeWork’s continued transformation,” said Paul Keglevic, chair of WeWork’s Board of Directors.