Lyft announced on August 14, 2025, that co-founders Logan Green, Chair of the Board, and John Zimmer, Vice Chair of the Board, intend to step down from the Board of Directors, effective August 14, 2025. This marks the successful completion of a two-year transition plan.
As part of this change, Green and Zimmer will convert all their Class B common stock to Class A common stock on August 15, 2025. This action eliminates the company's dual-class share structure, establishing equal voting rights for all common stockholders.
Sean Aggarwal, who previously served as Board Chair from 2019 to 2023, will reprise his role as Chair. This significant corporate governance enhancement addresses a long-standing concern among investors and is expected to improve shareholder equality and transparency.
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