Former Amazon executive replaces Lyft CEO and president 2023

The ride-hailing startup Lyft’s co-founders, CEO Logan Green and president John Zimmer, will transfer from their full-time responsibilities into non-executive ones. The business has announced that David Risher, a former executive at Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT), will take over as CEO.

The current chairman of Lyft, Sean Aggarwal, has announced his intention to step aside from his position but will continue to serve on the board. His role will be that of the principal independent director.

Risher, a seasoned technology executive, will become Lyft CEO on April 17.

“Building Lyft with John over the past 16 years has been the adventure of a lifetime,” said Green. “I couldn’t have asked for a better partner.”

“When Risher departed Amazon, Jeff Bezos publicly congratulated him and promised to ‘build on the foundation you helped create.’ Risher had been an integral part of Amazon’s success. He is without a doubt the most qualified candidate to construct on our basis “Green mentioned this in a statement that was released late on Monday.

Lyft is a major US and Canadian transportation network. The firm started in 2012.

Risher stated that he was “honored to step into the role of CEO at such an important moment in the company’s history” and that he was “prepared to take this business to new levels of success.”

Risher was also one of the co-founders of Worldreader, a charitable organization that has assisted over 21 million people in learning to read.

Aggarwal claimed that currently, one in three individuals throughout the country has taken a Lyft and Lyft drivers have made tens of billions of dollars.

“I look forward to working with them as members of the Lyft board,” he continued after that statement. “Lyft is an exciting company.”

There has been no change to the previously announced revenue for Lyft, and the company anticipates reporting the results of the first quarter of 2023 sometime in early May.

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