Lyft’s chief operating officer Rex Tibbens plans to step down by the end of the year. The news was first reported by Axios and confirmed by Lyft to..
Lyft’s chief operating officer Rex Tibbens plans to step down by the end of the year. The news was first reported by Axios and confirmed by Lyft to TechCrunch.
The ride-sharing company has been busy raising funding, including a recent $1 billion round led by CapitalG that put its post-money valuation at $11 billion, as it reportedly prepares to go public next year .
Tibbens’ planned departure means that Lyft now needs to fill a key leadership role on top of planning an IPO. This news comes almost exactly one year after a report that then-president elect Donald Trump’s transition team was looking at Tibbens as a potential candidate for U. S. Transportation Secretary, which Lyft denied (Trump appointed Elaine Chao to that role).
According to an internal email sent to Lyft employees by co-founders Logan Green and John Zimmer (copied below), Tibbens, who joined the company in 2015 from Amazon, plans to advise companies and spend time with his family next year.
