On August 20, 2020, in an empty Lyft pickup area in Los Angeles, ride-sharing drivers held a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft comply with California law and grant drivers “basic employee rights.”
Mike Black | Reuters
Lyft The company’s president, Kristin Sverchek, will leave the company on August 20, the company announced on Tuesday.
The ride-hailing company said Sverchek’s exit was not due to disagreements within the company, board of directors or management, and had nothing to do with Lyft’s operations or policies. Sverchek will continue as a non-employee consultant until Nov. 30.
Sverchek joined the company in 2012 and also serves as general counsel and president of business affairs.
Lyft CEO David Risher said in a press release that the company will be “eternally grateful” to Sverchek, who “laid the foundation for the entire ridesharing industry.”
The company also said Sverchek will be entitled to a severance package, including $650,000 in cash.
Lyft shares ended slightly higher on Tuesday.
