Elaine Paul joins Lyft as new Chief Financial Officer
Lyft, a ride-hailing firm, has announced that Elaine Paul has been named chief financial officer, effective January 3, 2022.
Paul replaces Brian Roberts, who is stepping down after seven years in the role but will remain an advisor until June 2022 to assist with the transition.
Since 2019, Paul has served as CFO and VP of Finance for Amazon Studios with responsibility for portfolio and financial planning for Amazon’s global slate of original film and television programming, studio operations, and Prime Video Marketing Finance. In addition to finance, her team included strategy, business intelligence and advanced analytics.
Creating value for both the business and customers
“Elaine is a seasoned leader with a commanding record of driving growth in tech and consumer-facing industries. We’re excited to have her bring this experience to Lyft,” said Lyft Co-Founder and CEO Logan Green. “Building the future of transportation requires new, disruptive approaches. 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.”
Prior to joining Amazon, Paul was CFO of Hulu for six years. Before Hulu she spent 19 years at Disney in senior finance, strategy and business development roles, including as SVP of Corporate Strategy, Business Development and Technology. She holds an MBA from Harvard Business School and B.A. in Economics and History with Distinction from Stanford University.
“I’m thrilled to join their high-performing team and contribute to Lyft’s next phase of scale and innovation,” commented Elaine Paul.
Continuing Lyft’s growth as a company
Founded in 2012, Lyft is one of the largest transportation networks in the United States and Canada. Its transportation network brings together rideshare, bikes, scooters, car rentals, transit and vehicle services all in one app.
Roberts has served as Lyft CFO since November 2014, helping guide the company through the IPO, and recently achieving Adjusted EBITDA profitability.
“It has been a privilege to have helped see Lyft through a period of tremendous growth and change, become a public company, and achieve a key profitability milestone. I’m especially proud of the team I built, and the continuing strong impact the finance organisation has on the business. I am excited about Lyft’s transformation and optimistic about its future,” said Brian Roberts.