Lyft picks new CEO as founders tap out amid fierce competition


FILE PHOTO: Lyft logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing firm struggles to keep up with bigger rival Uber.

Risher, a former Amazon and Microsoft executive, ran non-profit Worldreader for over a decade before joining Lyft's board in 2021.

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