Lyft appoints Kristin Sverchek as President effective July 1; John Zimmer moves to advisor role

Lyft, Inc.

Sverchek succeeds John Zimmer as President; David Risher recommended she assume the role to focus on CEO duties.
Sverchek receives retention bonus of 100% of base salary (payable Jan 2024) tied to cost, revenue, HR goals.
Equity grants valued at $5 million: 70% in RSUs, 30% in PSUs linked to stock price milestones.
Enhanced severance through June 30, 2024: 100% salary, target bonus, and full RSU vesting on qualifying termination.

item 5.02 item 9.01

Executive movements

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Appointed

Kristin Sverchek

President

LYFT · Lyft, Inc.

Effective: 2023-07-01
Filed: April 27, 2023, 7:59 PM ET

Ms. Sverchek will become the Company's President, effective as of July 1, 2023.

Role change

John Zimmer

President

LYFT · Lyft, Inc.

Effective: 2023-06-30
Successor: Kristin Sverchek
Filed: April 27, 2023, 7:59 PM ET

Ms. Sverchek will succeed John Zimmer, the Company's current President, who, as previously announced, will transition to a non-employee advisor and director role on June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristin Sverchek was appointed as President at Lyft, Inc..

Action: appointed
Role: President

Exact text from the filing

Ms. Sverchek will become the Company's President, effective as of July 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Zimmer changed role as President at Lyft, Inc..

Action: transitioned
Role: President

Exact text from the filing

Ms. Sverchek will succeed John Zimmer, the Company's current President, who, as previously announced, will transition to a non-employee advisor and director role on June 30, 2023.

View on SEC.gov

Lyft, Inc. filing history →

Source: SEC EDGAR

accession 0001759509-23-000040

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