Lyft’s COO is leaving, and it’s stock prices have taken a beating
July 30, 2019
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Lyft Chief Operating Officer Jon McNeill is leaving the company, after just over a year with the brand.  Jon McNeill joined Lyft in February 2018 after a stint as Tesla’s President of global sales and service.  At Lyft he oversaw operations in local markets and ran programmes including the fleet of cars it makes available for drivers to rent and service centres where drivers can get maintenance at a discount.

The news sent shares down 2.6 per cent in trading in New York. Lyft’s shares started slow after their rocky initial public offering, but are still more than 11 per cent below their IPO price of $72.

Interestingly, Bloomberg reported that in a memo to employees, Logan Green and John Zimmer, Lyft’s chief executive and president, said the company would not replace Mr McNeill.

by Anil George
Avid follower of all things tech. In between his quest for the ultimate gizmo, Anil fiddles with light meters, collects rare books and feeds his fetish for Jap horror movies. As Managing Editor of T3 Middle East for the GCC, Anil oversees content direction across print and digital. He is a CES 2020 Innovation Awards Judge, reprising his role as an Innovation Awards Judge at CES 2018, CES 2017, 2016. and 2015. Anil is also the Middle East's first Brand Ambassador for Ashdown Engineering. Reach him at: editor@t3me.com.
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