Deals
WeWork Adds Harvard's Frei to All-Male Board After Criticism
- Aims to add an additional director within a year of IPO
- HBS professor was previously senior vice-president at Uber
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WeWork Cos. is adding a woman to its all-male board of directors as it seeks to burnish its image before becoming a public company.
The New York-based office-rental startup, which could begin a roadshow for its initial public offering as early as next week, people familiar with the matter told Bloomberg, will add Harvard Business School professor Frances Frei to its board, according to a filing made public Wednesday. The company said that within a year of its IPO, it aims to add an additional director, “with a commitment to increasing the board’s gender and ethnic diversity.”