Lyft (LYFT) Announces Departure of President Kristin Sverchek

On July 23, 2024, Lyft (NASDAQ: LYFT) announced that Kristin Sverchek, the Company’s President, and the Company agreed to terms pursuant to which Ms. Sverchek will depart the Company as an employee effective August 20, 2024. Ms. Sverchek will serve as a nonemployee advisor to the Company through November 30, 2024. Ms. Sverchek’s departure is not the result of any dispute or disagreement with the Company, its board of directors, or its management, or any matter relating to the Company’s operations, policies or practices.

“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.”

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