Lyft names Elaine Paul as its new CFO

In a statement ride hailing firm Lyft Inc said, it had Elaine Paul as its new chief financial officer; Paul will be replacing Brian Roberts who will be stepping down after seven years in the role.

Paul is scheduled to take up the new position from January 3.

Currently she is the CFO and vice president of Amazon Studios – the film and web series producing unit of Amazon.

“There will be no spoilers today, but I have found an exciting frontier opportunity with mission-driven founders focused on serving their community,” said Roberts in a LinkedIn post.

In a statement Lyft said, Roberts’ departure is not because of any dispute or disagreement.

“Over the past seven years, Brian has made a huge contribution to Lyft. With his support and leadership, Lyft went public and reached adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) profitability — two critical milestones,” said Logan Green, Lyft’s co-founder and CEO.

Before joining Amazon, Paul, 54, served as the CFO of Hulu for six years; prior to this she worked at Walt Disney Co for 19 years in senior finance, strategy and business development roles.

Roberts will remain as an adviser until June 2022 to assist with the transition, said Lyft.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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