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.