Lyft Selects a New CFO After Hitting Profitability Milestones

Lyft has named Elaine Paul as the ride-hailing and micromobility titan’s next Chief Financial Officer. Paul officially will replace Brian Roberts on January 3.

Roberts, who has held the role since 2014 and led Lyft through its IPO, will remain an advisor to the company until June 2022 to ensure a smooth transition.

Paul joins Lyft from Amazon, where she has served as the CFO and VP of Finance for Amazon studios since 2019. Before that, she spent six years as Hulu’s CFO and 19 years at Disney in various roles, including as SVP of Corporate Strategy, Business Development and Technology.

“Elaine is a seasoned leader with a commanding record of driving growth in tech and consumer-facing industries,” Lyft Co-Founder and CEO Logan Green stated. “Elaine has made a career of thinking differently in established markets and knows how to create incredible value for both the business and our customers.”

Paul will take over the reins at Lyft shortly after the company accomplished its first major profitability milestone by narrowly reaching adjusted EBITDA profitability in Q2 2021. Lyft repeated the feat in Q3 2021 as well and reported $864.4 million in revenue, up 73% from just $499.7 million in Q3 2020.