Lyft Inc. on Thursday named a new president to replace John Zimmer after a shakeup at the ride-hailing company that saw co-founders Zimmer and Logan Green, who was chief executive, replaced last month. Kristin Sverchek, who has been with the company since 2012 as general counsel and who became president of business affairs in 2021, will be president of the company, a title new CEO David Risher was originally going to assume. Lyft said in a filing with the Securities and Exchange Commission that the change was recommended by Risher and approved by the company’s board in part to give Risher “greater capacity to focus on his role as CEO.” As part of her promotion, Sverchek will be eligible to receive a bonus of up to 100% of her base salary as of the end of 2023, tied to performance goals the board has set for her. Sverchek’s base salary in 2021, the most recent publicly available number, was $450,000. She will also receive performance-based stock options and was awarded restricted stock units.
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