Lyft Names Erin Brewer as Chief Financial Officer
16 Maio 2023 - 5:05PM
Business Wire
Erin Brewer to replace Elaine Paul on July 10th. Paul to leave
role on May 19th; will remain advisor until November 2023.
Lyft (Nasdaq:LYFT) today announced that Erin Brewer has been
named Lyft’s Chief Financial Officer, effective July 10. Brewer
replaces Elaine Paul, who is leaving Lyft but will remain as an
advisor until November 30, 2023. Lisa Blackwood-Kapral, Chief
Accounting Officer, will serve as interim CFO until Ms. Brewer’s
start date.
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Lyft Names Erin Brewer as Chief Financial
Officer (Photo: Business Wire)
“Erin has succeeded at everything she’s done,” said Lyft CEO
David Risher. “She’s led high-growth businesses; she knows how to
operate efficiently at scale; and she puts customers at the center
of her work. I’m thrilled to team up with her to lead the charge to
growth and profitability.”
Between May 2020 and October 2022, Brewer served as Managing
Director Enterprise Finance at Charles Schwab & Co where she
led her team through historic client and asset growth, scaling
efficiently while retaining the company’s renowned focus on serving
customers. Prior to Schwab, she served as Head of Strategy and
Finance at Atlassian between September 2018 and April 2020, growing
the finance team through post-IPO rapid revenue growth, and working
shoulder-to-shoulder with product teams to innovate at speed for
customers. Brewer spent 13 years at McKesson, in leadership roles
touching every part of a public company’s finance function,
including as EVP and chief accounting officer, a board member for
McKesson Ventures, head of investor relations, and senior finance
and financial planning and analysis roles.
All Brewer’s roles focused on operating the business as
efficiently as possible in a competitive marketplace, while
supporting growth. She holds a B.S. in Accounting from Purdue
University and an M.B.A. from the Haas School of Business at the
University of California, Berkeley.
“Lyft is an iconic brand with an important purpose, and a lot of
room for profitable growth,” said Erin Brewer. “There’s real
innovation waiting to be unlocked in rideshare and a big market
opportunity ahead. I’m excited to help David and the team build a
strong business and deliver meaningful shareholder value by
focusing on what riders and drivers need.”
Elaine Paul has served as Lyft CFO since January 2022. “I’ve
appreciated Elaine’s counsel and commitment to Lyft, and want to
thank her for her legendary work ethic, tireless dedication, and
many contributions to the company,” said David Risher.
Financial Outlook
There is no change to Lyft’s previously announced Q2 2023
revenue, Contribution Margin, Adjusted EBITDA and Adjusted EBITDA
margin outlook provided on May 4, 2023. The company will report Q2
results in August and plans to release long-term targets in
2023.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or the Company’s future financial or operating performance.
In some cases, you can identify forward looking statements because
they contain words such as “may,” “will,” “believe,” or “shape” or
the negative of these words or other similar terms or expressions
that concern Lyft’s expectations, strategy, priorities, plans or
intentions. Forward-looking statements in this press release
include, but are not limited to, statements regarding Lyft’s
executive transition and Lyft’s future financial and operating
performance, including outlook for the second quarter of 2023.
Lyft’s expectations and beliefs regarding these matters may not
materialize, and actual results in future periods are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected, including risks related to the
macroeconomic environment and risks regarding our ability to
forecast our performance due to our limited operating history. The
forward-looking statements contained in this press release are also
subject to other risks and uncertainties, including those more
fully described in Lyft’s filings with the Securities and Exchange
Commission, including its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2023. The forward-looking statements in
this press release are based on information available to Lyft as of
the date hereof, and Lyft disclaims any obligation to update any
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230516005938/en/
Sonya Banerjee Investor@lyft.com
Media Press@lyft.com
Lyft (NASDAQ:LYFT)
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