(Reuters) -Lyft mentioned on Thursday its co-founders Logan Inexperienced and John Zimmer are stepping down from the ride-hailing providers supplier’s board, following the completion of a two-year transition plan.
Inexperienced and Zimmer started serving because the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.
The duo based Lyft in 2012, with the corporate now working throughout 4 continents and almost 1,000 cities.
Sean Aggarwal, who was the chair of Lyft’s board from 2019 to 2023, will reprise his function.
Zimmer is launching a brand new consumer-focused enterprise enterprise named YES&, whereas Inexperienced will proceed as a enterprise accomplice at Autotech Ventures, a agency investing within the mobility and transportation sector.
Lyft, which just lately accomplished its almost $200 million acquisition of European mobility platform FreeNow, has signed a cope with China’s Baidu to introduce the search-engine big’s robotaxis within the area.
It posted income of $1.59 billion within the second quarter, lacking estimates of $1.61 billion, in accordance with knowledge compiled by LSEG.
Rides on Lyft’s platform grew 14% to a document excessive of 234.8 million within the quarter, barely beneath estimates of 235.9 million, per Seen Alpha.
(Reporting by Juby Babu in Mexico Metropolis; Enhancing by Alan Barona)