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Sandeep Mathrani, shown in 2010. Photo: Bloomberg
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WeWork’s Next CEO Is a Mall Turnaround Expert

Photo: Sandeep Mathrani, shown in 2010. Photo: Bloomberg

In 2010, Sandeep Mathrani took over as chief executive of mall owner General Growth Properties, which had just filed for the largest-ever real estate bankruptcy. Mathrani raised billions of dollars to recapitalize the company, spun off struggling malls and eventually sold the firm for $15 billion. 

WeWork, another troubled real estate firm hoping for a turnaround, on Saturday named Mathrani as its next CEO. He will be taking the helm of the co-working company months after it nearly collapsed, and when it still is trying to raise billions of dollars in new capital from investors to keep going. 

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