An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020.
Lyft announced Tuesday that company president Kristin Sverchek will be leaving on Aug. 20.
Sverchek joined the company in 2012, and has also held positions as general counsel and president of business affairs.
Lyft CEO David Risher said in the release that the company will be "forever grateful" to Sverchek, who "helped pour the foundation the entire rideshare industry rests upon."
The company also said Sverchek will be entitled to severance benefits, including a $650,000 cash payment.
Persons:
Uber, Lyft, Kristin Sverchek, Sverchek, David Risher
Locations:
California, Los Angeles