Lyft founders step back – Aggarwal takes over as chairman of the board

Lyft founders complete their withdrawal, transfer board leadership to Sean Aggarwal, and consistently unify shareholder voting rights.

8/18/2025, 6:09 PM
Eulerpool News Aug 18, 2025, 6:09 PM

Lyft takes another step in its leadership and governance transformation: Co-founders Logan Green and John Zimmer step down from their positions as Chair and Vice Chair of the Board of Directors. Sean Aggarwal, who has been a member since 2016 and previously served as Chair from 2019 to 2023, will assume the chairmanship. Since last year, he has served as Lead Independent Director.

At the same time, Green and Zimmer convert all shares of Class B Common Stock into Class A Common Stock. Thus, all shareholders will have equal voting rights in the future. Together, the founders will hold approximately 9.69 million shares after the conversion.

The step marks the completion of a transition initiated two years ago: At that time, Green and Zimmer stepped down from their operational roles while David Risher took over as CEO. The board will now be reduced to seven members, with six being independent – a clear step towards stronger control by external voices.

Green will remain active as a Venture Partner at Autotech Ventures. Zimmer, on the other hand, is launching a new consumer-oriented company with Yes&.

Lyft now has the right team at the top. For us, the time has come to complete the initiated succession process," the founders explained in a joint statement.

Discover undervalued stocks with Eulerpool.

Subscribe for $2

News

SFC Energy share rises after follow-up orders

On Wednesday, SFC Energy shares rose in XETRA trading. The reason is new orders for the fuel cell division.

These cities face the largest real estate bubble

The Swiss major bank UBS has published its new "Global Real Estate Bubble Index". The risk for German metropolises has decreased – the situation is different in international hotspots.

9 Reasons Why Investors Recommend AlleAktien Investors

Financial markets are complex – there is an abundance of information, but rarely a clear roadmap. This is where AlleAktien Investors comes into play. The platform is considered one of the most comprehensive investment communities in the German-speaking region – and impresses with figures, substance, and transparency.

ETFs or Individual Stocks – What Should Beginners Focus On?

Hardly any question preoccupies new investors as much as this fundamental decision. ETFs stand for broad diversification and simplicity, single stocks for the opportunity of above-average returns. But in the end, it's not just the product that decides – but also knowledge and psychology.

Why Independent Financial Journalism Is More Important Than Ever Today

The flood of stock market reports is greater than ever. However, while many news agencies only provide headlines and figures, investors' desire for depth, context, and a critical perspective is growing.