Ride-hailing service Lyft (LYFT) – Get Lyft, Inc. Class A Report on Thursday appointed former Amazon (AMZN) – Get Amazon.com, Inc. Report finance government Elaine Paul as its chief monetary officer.”Elaine is a seasoned chief with a commanding file of driving progress in tech and consumer-facing industries,” mentioned Lyft Co-Founder and Chief Executive Logan Green in a press release. “We’re excited to have her carry this expertise to Lyft.”Paul will succeed Chief Financial Officer Brian Roberts, who’s stepping down however will stay an advisor with Lyft till June 2022 to help with the transition, the corporate mentioned.“Lyft has an inspiring mission, a transparent imaginative and prescient, and unimaginable progress alternatives. Logan and John [Zimmer] are deeply dedicated to bettering folks’s lives with the world’s finest transportation and their ardour is contagious,” mentioned Paul in a press release.“I’m thrilled to affix their high-performing staff and contribute to Lyft’s subsequent section of scale and innovation,” she added.Paul joins Lyft subsequent month on Jan. 3.“Building the way forward for transportation requires new, disruptive approaches. Elaine has made a profession of considering in a different way in established markets and is aware of the best way to create unimaginable worth for each the enterprise and our clients,” Green added.Previously Paul was chief monetary officer and vice chairman finance for Amazon Studios, the division that produces unique exhibits, movies and television content material for the tech large’s Prime Video and studio providers.Since 2019, Paul was accountable for portfolio and monetary planning for Amazon’s international slate of unique movie and tv programming, studio operations, and Prime Video Marketing Finance.In addition to finance, Paul additionally oversaw Amazon’s groups for technique, enterprise intelligence and superior analytics, Lyft mentioned.Before Amazon, Paul was CFO of streaming service Hulu (HULU) for six years. Before Hulu she spent 19 years at media and leisure large Disney (DIS) – Get Walt Disney Company Report in senior finance, technique and enterprise growth roles. She was senior vice chairman of company technique, enterprise growth and expertise. Paul holds an MBA from Harvard Business School and B.A. in Economics and History with Distinction from Stanford University.Shares of Lyft ended off 4% at $39.47.
https://www.thestreet.com/investing/lyft-taps-amazon-disney-veteran-elaine-paul-as-cfo
