WeWork’s Board Lacks Chairman, Could Soon See Neumann Return

Things have been been fairly drama-free at WeWork Inc., at least by the company’s standards, but two separate yet overlapping events could create uncertainty around management of the co-working business.

First, WeWork is effectively without a chairman. Marcelo Claure, the former operating chief at SoftBank Group Corp., had held that position since the Japanese conglomerate rescued WeWork from near-insolvency in 2019. Claure resigned in January from SoftBank, the biggest investor in WeWork, and his former employer still hasn’t named a replacement.

Second, Adam Neumann can legally request his return to the board as an observer as soon as Saturday. That’s the expiration ...