Lyft has recruited an Amazon executive to serve as its new chief financial officer, a leadership change that comes soon after the ride-hailing company hit a key stop on the road to profitability.
As The Wall Street Journal reported, Lyft has named Elaine Paul its new CEO, an appointment due to go into effect on Jan. 3.
She replaces Brian Roberts, who is set to step down as CEO after a seven-year tenure, but will stay on as an adviser to Lyft until June of next year. In a filing with securities regulators, the company said Roberts’ departure is not the result of a dispute or disagreement.
Paul, who served as Amazon Studios’ CFO and vice president of finance, has also held the role of CFO for Hulu, and spent close to 20 years with Disney in senior finance, business development and strategy roles.
Roberts became CFO of Lyft in November 2014 and helped shepherd the company to its IPO in 2019, the Journal story noted.
Earlier this year, Lyft logged its first profit on an adjusted…