The latest update is out from Lyft (LYFT).
Lyft, Inc. has announced the departure of their President, Kristin Sverchek, who will leave the company on August 20, 2024, but will stay on as a nonemployee advisor until November 30, 2024. Her exit does not stem from any conflicts with the company’s management or operations. Sverchek will be entitled to severance benefits, including a $650,000 cash payment and full vesting of her restricted stock units. Additionally, the company has revised its bylaws to render the President’s role a discretionary position.
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