These people founded Lyft in 2012 – over a decade ago – and the rest is history. Now, they’re leaving the ridesharing firm’s board.
A day before payday, Lyft’s co-founders, Logan Green and John Zimmer, has made Lyft’s teams shed tears as they revealed they are soon stepping down from the ridesharing service’s board, but this, to follow the completion of the company’s two-year transition plan. They’re doing so for they’ve found brand-new ground.
Green, now in his 40s, is the chairman and former CEO of Lyft. That time, he chanced upon the company as Zimride, which was also founded by the two in 2007.
According to Green’s LinkedIn profile, he has also done work for eBay and the Santa Barbara Metro Transit.
Meanwhile, Zimmer, also in his 40s, is a Connecticut native with a degree in hotel administration. However, his career experiences included being an analyst in Lehman Brothers, the famous real estate finance in the Big Apple.
In this LinkedIn profile, he has shared his sentiments regarding his stepping down with Green.
“Today is a meaningful moment for Logan Green and me as we step off Lyft’s board and complete the succession process we began two years ago. We’re incredibly proud and appreciative of David Risher, the Lyft team, and the broader Lyft community. Lyft has a very exciting future ahead, and we look forward to being two of Lyft’s biggest supporters as it continues to shape the future of transportation (emoji),” he wrote.
As he stated, the two started serving as the chair and deputy chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, to give way to David Risher, who has also been part of the board since 2021.
Since getting founded in 2012, Lyft now operates across four continents and in nearly 1,000 cities.
Its recent achievements include posting a revenue of almost $2 billion in the last second quarter and partnering with China’s Baidu.
Their future is intact as they leave the board as Zimmer is soon launching a new consumer-focused business venture – YES& – while green with continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sectors.
Replacing their spots in the board is Sean Aggarwal, who was chair of the Lyft’s board from 2019 to 2023.
Human resources experts share their insights on what really happens when people leave a company’s board. Can they no longer contribute to Lyft? Well, technically speaking, they couldn’t anymore, and they won’t be part of Lyft’s payroll, moving forward.
However, this is more of like ending the contract as board members only. They lose their authority, but they can still offer help to the company. The best of luck for Logan Green and John Zimmer!