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Lyft president Kristin Sverchek to exit on Aug. 20
  + stars: | 2024-07-23 | by ( Katie Bartlett | ) www.cnbc.com   time to read: +1 min
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
After 11 years at Lyft, Kristin Sverchek stepped into the president's role earlier this year. She was the ride-hailing company's first general counsel, helped take Lyft public, and was named president in July. She's gotten more comfortable using her voice over the years, despite certain leadership muscles being "hard to develop," Sverchek recently told Business Insider. What I'm really excited about is that right now it's feeling like we have all of these little building blocks that we're putting into place at the company. So I'm really full of optimism for the new year.
Persons: Kristin Sverchek, company's, She's, Sverchek, we've, they've, I'm, Gosh Organizations: Service, Business Locations: Lyft, Business, America
She has Slacked senior women leaders "The Man" by Taylor Swift as a reminder of "you got this." She was its first general counsel, helped take the company public, and was named president this July. As you learn who the Lyft customer is, what do you want to change and make better for them? I really say, "Have the courage of a mediocre white male." And this was tough to hear, but in some ways heartening, because like I said, with our new customer obsessed orientation, it's actually something that we've already been really, really actively working on.
Persons: Kristen Sverchek, Taylor Swift, , she's, It's, Sverchek, David, Risher, that's, gee, what's, Lyft, we've, We've, Slack, undergrad, Lindsay Llewellyn, who's, I've, we're Organizations: Service, Business, Berkeley Law Locations: Lyft
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