Lyft Inc.

23/07/2024 | News release | Distributed by Public on 24/07/2024 03:25

Farewell to Lyft President Kristin Sverchek – it’s been an amazing ride

After 12 years of helping to build the rideshare industry, Lyft's President, Kristin Sverchek, will be departing Lyft on August 20. Kristin was one of Lyft's first-ever employees and has been a driving force on the Lyft leadership team. Not only did she help define Lyft as a company, she was instrumental in making ridesharing an everyday way to get around.

Kristin served as our first-ever General Counsel, then as President of Business Affairs and, most recently, as President. She had enormous impact in every role she took on, from helping establish the legal underpinnings of our company and our sector, including shaping the first ever TNC regulations in CA. Following facilitating Lyft's many rounds of private financing in the early days, she took the company public in 2019. Not only did she shepherd the Legal team for nearly a decade, Kristin has and continues to oversee critical functions such as Policy, Partners, and Media.

"Kristin helped pour the foundation the entire rideshare industry rests upon," said David Risher, Lyft's CEO. "As Lyft's first General Counsel, then President of Business Affairs and, most recently, as our President, she shaped our company and our sector. We will be forever grateful and will continue cheering her on in her next ride beyond Lyft."

Kristin shared, "With David at the helm, it's time for me to turn the page on this journey and move on knowing that the company is in great hands. The business is on an exciting trajectory, and I'll forever be grateful for the opportunities I had at every step along the way. Lyft - and more specifically, Lyft team members - taught me to be a better lawyer, leader, colleague and friend. What a ride it's been."

Lyft is left in a better position because of Kristin's leadership. We wish her the best and she'll always hold a special place in Lyft's history as one the most impactful people to have ever worked here.