Lyft tapped David Risher to be its new chief executive officer, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies.
Uber is being rewarded for its diversification strategy amid a growth slowdown: Tom EssayeLyft Inc. tapped David Risher to be its new chief executive officer, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
Risher, who has been a board member of Lyft since 2021, has held previous roles as head of product at Amazon.com Inc. and as a general manager at Microsoft Corp. before launching his own startup. He will step into the CEO position effective April 17. San Francisco-based Lyft has increasingly been marginalized by Uber, which accounted for 74 per cent of the US consumer ride-share sales at the end of December, while Lyft had 26 per cent, according to Bloomberg Second Measure. Uber has benefited from expanding its ride-hailing service into food and beverage delivery, which helped it thrive during the pandemic when demand for shared rides plummeted.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Principal resigns after complaints over 'David' statue nudityA Florida charter school principal has been forced to resign after a parent complained sixth graders were exposed to pornography during a lesson on Renaissance art that included Michelangelo\u0027s \u0022David\u0022 sculpture
Read more »
The Simpsons predicted Florida parents' outrage over statue of David's nudity, fans sayThe animated sitcom’s latest connection to real world headlines involves an episode aired more than 30 years ago
Read more »
Florida school uproar leads Italy to invite viewing ‘David’ - Terrace StandardPrincipal of a Florida school forced to resign after picture of statue shown to 6th-grade art class
Read more »
The Simpsons predicted Florida parents' outrage over statue of David's nudity, fans sayThe animated sitcom’s latest connection to real world headlines involves an episode aired more than 30 years ago
Read more »
Canadian men dispatch Curacao 2-0 in first outing since World Cup in QatarJonathan David, Cyle Larin score to lead Canada over Curacao
Read more »