- Lyft appoints David Risher as new CEO, replacing co-founder Logan Green.
- Risher has held previous roles at Amazon and Microsoft before launching his own startup.
- Lyft shares rise 5% in premarket trading on the news.
- Lyft has struggled to compete with bigger rival Uber and has been slow to recover from the pandemic.
- The appointment of a new CEO may set stage for a potential sale of the company.
Lyft Appoints New CEO In Move That May Set Stage for a Sale
Lyft Inc. shares rose after the company tapped David Risher to be its new chief executive officer, replacing co-founder Logan Green and setting the stage for a potential sale as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
Jackie Davalos
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