Shares of WeWork (NYSE: WE), the struggling office rental company, were taking a dive today after the company surprised investors by announcing a change in CEO just a week after it reported first-quarter earnings.

As of 2:08 p.m. ET, the stock was down 17% on the news.

In a press release last night, WeWork said that CEO Sandeep Mathrani would be stepping down as chairman, CEO, and director of WeWork as of May 26.

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Source Fool.com