The same day green, He will also take over as chairman of Lyft’s board of directors. Announcement, Lyft president and co-founder John ZimmerIt’s part of a larger executive reshuffle that will move . Zimmer’s last day as president will be June 30.
green And Zimmer, They founded Lyft in 2012 and successfully went public in 2019. But since its IPO, the value of Lyft’s shares has dropped significantly. After an initial high of $78.29 per share in 2019, the stock dropped to a record $9.60 per share earlier today.
Lyft co-founder Logan Green is stepping down as CEO
on February 9, of Lyft 2022 4th Quarter the day he announced his results, Green’s company to investors Uber after it said it needed to increase its spending to stay competitive against share value 36% fell. of Lyft new of the CEO It would be an understatement to say that his job was cut out for him. The company has never reported a profit, and aside from a surprise breakthrough in autonomous driving, it has a tough road ahead due to the car-sharing economy.
Again Risher, before of Amazon Having served as its first head of product and head of U.S. retail, he is absolutely empowered to turn Lyft down.