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Why Lyft Stock Is Soaring Today

Lyft, Inc (NASDAQ: LYFT) shares are trading higher on Tuesday's premarket session after appointing a new CEO.
byAnusuya Lahiri
March 28, 2023
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  • Lyft, Inc (NASDAQ:LYFT) shares are trading higher on Tuesday’s premarket session after appointing a new CEO.
  • On March 27, Lyft disclosed that co-founder Logan Green would transition from CEO to non-executive Chair effective April 17, 2023.
  • Additionally, co-founder John Zimmer would transition from the role of President into non-executive Vice Chair of the board, effective June 30, 2023.
  • Also Read: Why Uber, Lyft And Gig Economy Related Stocks Are Soaring Today?
  • David Risher, a seasoned technology executive who previously served as Amazon.com Inc’s (NASDAQ:AMZN) first head of product and head of U.S. retail and a general manager at Microsoft Corp (NASDAQ:MSFT) before co-founding Worldreader, will become Lyft’s CEO on April 17. 
  • Risher has been a director of Lyft since July 2021.
  • Lyft board Chair Sean Aggarwal will transition to lead independent director.
  • Price Action: LYFT shares are trading higher by 6.98% at $10.27 on the last check Tuesday.
  • Photo via Wikimedia Commons
 
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