Lyft snags former Obama adviser Valerie Jarrett as newest board member

In a move to diversify its board, Lyft on Monday added its first independent director: Valerie Jarrett, former adviser to President Barack Obama.

The addition adds an outside perspective to the board tasked with overseeing the rapidly growing ride-hailing company as it continues to take advantage of competitor Uber’s recent stumbles. Lyft has completed more rides so far this year than in all of 2016 and expanded into more than 360 communities, meaning 80 percent of the United States now can use the service, according to the company. Meanwhile, Uber is hunting for a new CEO to replace founder Travis Kalanick, who was forced out after a series of scandals within the company.

Jarrett served as Obama’s senior adviser and his assistant for public engagement and intergovernmental affairs. And she has experience tackling urban transportation issues as Commissioner of Planning and Development for the city of Chicago, and chair of the Chicago Transit board.

“I am a frequent Lyft passenger and have been inspired by the strong community John and Logan have created that is dedicated to enlightened corporate values,” Jarrett wrote, referring to Lyft’s founders, in a statement posted on the company’s blog. “We share a belief that reliable, affordable transportation positively impacts social mobility, and improves the quality of life in densely populated communities. I am thrilled to join the ride.”

Jarrett becomes Lyft’s ninth board member, but she’s the only one who isn’t a company executive or investor.

She joins Lyft co-founders Logan Green and John Zimmer, Andreessen Horowitz co-founder Ben Horowitz, GM President Dan Ammann, Jonathan Christodoro of Icahn Capital, investor and former Trulia CFO Sean Aggarwal, Hiroshi Mikitani of Japanese e-commerce company Rakuten, and Floodgate Fund’s Ann Miura-Ko.

Lyft says Jerrett’s arrival comes after the company spent months seeking to add new skill sets, experience and perspective to the board.

Uber last month added a new independent board member of its own, Nestle executive Wan Ling Martello. The move followed an investigation led by former Attorney General Eric Holder, examining claims of sexual harassment and other issues at the workplace. Holder’s team recommended Uber bring on more independent board members, add an independent board chair and form an oversight committee.

Photo: A vehicle with both Lyft and Uber windshield decals is parked Monday afternoon Dec. 14, 2015, near Fisherman’s Wharf in San Francisco. (Karl Mondon/Bay Area News Group)

 

Tags: , ,

 

Share this Post



 
 
 
  • rulegal

    One more good reason to not use Lyft.

  • Left Unsaid

    #NeverLyft

 
 
css.php