Lyft said on Thursday that co-founders Logan Green and John Zimmer are stepping down from the company’s board, following the completion of a two-year transition plan. Green and Zimmer had served as chair and vice chair of the board since 2023, after stepping down as CEO and president, respectively, handing operational leadership to David Risher, a board member since 2021.
“After a thoughtful transition period, Logan and John are leaving the board as planned, ensuring continuity in leadership for Lyft,” the company said. Sean Aggarwal, who served as board chair from 2019 to 2023, will resume the role.
Lyft, founded in 2012, now operates across nearly 1,000 cities on four continents. Zimmer is launching a new consumer-focused venture named YES&, while Green will continue as a venture partner at Autotech Ventures, an investment firm specializing in mobility and transportation.
The company recently completed a nearly $200 million acquisition of European mobility platform FreeNow and signed a deal with China’s Baidu (9888.HK) to introduce the search-engine giant’s robotaxis in the region.
Lyft reported second-quarter revenue of $1.59 billion, slightly below estimates of $1.61 billion, while rides grew 14% to a record 234.8 million trips, just under analyst expectations.