Lyft Inc. on Thursday named a new chief financial officer, Elaine Paul, to replace Brian Roberts, who is moving on to a yet-unknown company.
The resignation of Roberts, who had been CFO of Lyft
LYFT,
since 2014 and who helped the company go public two years ago, was effective Dec. 1. He will stay on until June 2022 as an adviser during the transition, though Chief Executive Logan Green is set to act as CFO until Green’s appointment becomes effective Jan. 3, according to the company’s filing with the Securities and Exchange Commission.
Elaine Paul, former chief financial officer at Amazon Studios and Hulu, will be Lyft’s new CFO effective Jan. 3, 2022.
Lyft Inc.
In a statement, Green expressed gratitude for Roberts’ contribution and said he was “instrumental in helping us scale the business.”
The filing said Roberts’ departure was “not the result of any dispute or disagreement with the company, its board of directors, or its management, or any matter relating to the company’s operations, policies or practices.”
Roberts said in a LinkedIn post, in which he thanked his Lyft colleagues, that he is moving on to a company that he did not name. “I have found an exciting frontier opportunity with mission-driven founders focused on serving their community,” he said.
Paul, 54, was most recently CFO at Amazon Studios, and before that Hulu and Walt Disney Co.
Paul will be paid a $450,000 annual salary and a $1.5 million signing bonus, plus the company is granting her $16 million worth of stock options and $200,000 a year for commuting and corporate housing expenses, according to Lyft’s filing with the SEC.
This post was originally published on Market Watch
