Connect with us

Hi, what are you looking for?

Uncategorized

Lyft says CFO Paul to step down, appoints replacement

© Reuters. FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File Photo

(Reuters) -Lyft Inc said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed.

The company said Paul, who has served as Lyft (NASDAQ:) CFO since January 2022, was leaving on May 19, and announced Brewer’s expected joining on July 10. Chief Accounting Officer Lisa Blackwood-Kapral will serve as finance chief in the interim.

The changes come after Lyft forecast a dull second quarter earlier this month, as price cuts in its race with bigger rival Uber Technologies (NYSE:) Inc to add more riders take a toll on margins.

Brewer has previously served as the managing director, enterprise finance, at Charles Schwab (NYSE:) & Co and head of strategy and finance at software company Atlassian (NASDAQ:).

Lyft in March picked board member David Risher as its CEO.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube