In August, ride-sharing drivers held a rally in an empty Lyft pickup area in Los Angeles 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 It was announced Tuesday that company president Kristin Sverchek will leave the company on August 20.
The ride-sharing service 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 has also held positions including General Council and Commercial President.
Lyft CEO David Risher said in a press release that the company will be “eternally grateful” to Sverchek, who “helped lay 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.
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