2023-05-24 17:10:45 ET
Flexible workspace provider WeWork ( NYSE: WE ) disclosed in an SEC filing Wednesday that Andre Fernandez will resign as chief financial officer and treasurer, effective June 1.
Accounting chief Kurt Wehner will takeover as CFO and treasurer.
The company also reaffirmed its second quarter revenue guidance of $840–$865 million and adjusted EBITDA between a loss of $10 million and a $15 million profit.
WeWork's available cash and cash equivalents at the end of Q2 will be consistent with or slightly better than the projections provided with its debt restructuring transactions, the company said.
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WeWork CFO Fernandez to resign, company reaffirms Q2 guidance