Lyft CEO and president to step down in mid-April, former Amazon exec David Risher named as replacement

Confetti drops as Lyft chief executive officer Logan Environment-friendly (C) as well as Head Of State John Zimmer (LEFT C) call the Nasdaq opening bell commemorating the firm’s going public (IPO) on March 29, 2019 in Los Angeles, The Golden State. The trip hailing application firm’s shares were originally valued at $72.

Mario Tama/ Getty Images

Lyft‘s cofounders, chief executive officer Logan Environment-friendly as well as head of state John Zimmer, will certainly go back from their everyday functions by mid-April, the firm announced on Monday. David Risher, a previous retail exec at Amazon, will certainly think the chief executive officer setting at the ridesharing firm.

Lyft shares climbed around 5% after hrs on the information.

Environment-friendly as well as Zimmer established Lyft in 2012 as well as took the firmpublic in 2019 Lyft shares have actually dropped greater than 70% in the in 2014.

Risher signed up with in 1997 as its initial vice head of state of item as well as shop growth. He was a leading lieutenant of creator as well as exec chairman Jeff Bezos, as well as took place to act as elderly vice head of state of advertising and marketing as well as retailing prior to leaving the firm in 2002.

— CNBC’s Annie Palmer, Laura Batchelor as well as Deirdre Bosa added to this record.

This is damaging information. Please examine back for updates.

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