T. Fuad speaking at Echelon Asia Summit 2018
Turochas “T” Fuad, Managing Director at WeWork Southeast Asia & Korea, announced in a LinkedIn post on Monday night that he is leaving the company.
He cited the desire to pursue entrepreneurship again as the reason for his departure.
In details, he wrote:
“It has been an amazing ride for the past four years at Spacemob and WeWork. From WeWork’s acquisition of Spacemob, personally interviewing the first 150 employees who joined us, scaling our business from three to 34 locations across Southeast Asia to spearheading our business transformation across South Korea.
It was so important to me that we have the right culture, and tribal mindset to achieve what we set out to do. With that foundation and an amazing team, I have decided to put my attention back on my next entrepreneurial path.
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It is something I’ve mulled about for a while now and I can feel my entrepreneurial spirit calling again. I will be forever grateful for the lifetime memories, amazing friends I’ve come to know and the difference we’ve made. It is now time for my next adventure.”
e27 is reaching out to WeWork to find out more details about the company’s plan after Fuad’s departure.
Throughout his career, Fuad had founded three startups and all of them had met its exits.
In August 2017, coworking space giant WeWork acquired Spacemob, the coworking space chain he founded and have it rebranded to WeWork.
In January, Fuad spoke to Channel News Asia about the company’s plan to continue on expanding in the Southeast Asian region despite the challenges that its parent company had faced in the previous year, where it saw its valuation fell from US$50 billion to US$8 billion. This had led to a roadblock for their IPO plan, followed by other controversies.
In addition to their operations in Singapore, Fuad was quoted saying that WeWork’s businesses in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur, and Manila, are “definitely on the right track.”
“… We expect them to hit the same kind of trajectory as in Singapore,” he said.
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