Former Obama authority Valerie Jarrett joins Lyft board

The Washington Post - Valerie Jarrett is connexion Lyft's board of administrators, the corporate declared Monday, creating her the newest of President Obama's former staffers to enter the planet of ride-hailing.


Jarrett, the previous senior authority to the president, joins the panel as associate freelance director, increasing Lyft's board to 9 members from eight. she is going to specialize in addressing the issues of urban transportation, a Lyft voice aforementioned, drawing on her background as former commissioner of Chicago's Department of designing and Development and chairperson of the Chicago Transit Board additionally to her eight years at the White House.

"I am a frequent Lyft traveller and are galvanized by the sturdy community [that Lyft co-founders] John [Zimmer] and Logan [Green] have created that's dedicated to enlightened company values," Jarrett aforementioned in a very statement provided by Lyft. "We share a belief that reliable, reasonable transportation absolutely impacts social quality, and improves the standard of life in densely inhabited communities. i'm excited to hitch the ride."

Zimmer and inexperienced, WHO sit on the city company's board, welcome Jarrett's appointment.

Uber and Lyft square measure outpacing taxis among business travelers
"She are going to be an excellent partner for Lyft as we have a tendency to continue operating aboard transportation system agencies to supply upward quality through transportation, scale back congestion, and ultimately reshape our cities," inexperienced aforementioned in a very statement. "We could not be additional excited to welcome Valerie to the Lyft family."

Zimmer praised Jarrett for "perspective that may push Lyft forward as we have a tendency to work to enhance people's lives with the world's best transportation."

Since going away the White House in January, Jarrett has conjointly joined the board of Chicago-based Ariel Investments, the Chicago apse according in March. Obama's longest-serving authority throughout his presidency, she became associate authority to the Obama Foundation when he left workplace.

Other members of Obama's team have conjointly waded into the aborning world of ride-hailing in recent years.

David Plouffe, Obama's 2008 campaign manager then senior authority, was employed to move Uber policy in 2014, however he has since departed that role to steer policy for the Chan Zuckerberg Initiative, a philanthropic organization based by medical specialist Priscilla Chan and her husband, Facebook Chief govt Mark Zuckerberg.

Former Atty. Gen. Eric H. Holder Jr. was employed to steer associate investigation into Uber's company culture when a spate of high-profile company scandals this year.

Uber's rocky year: Travis Kalanick's resignation is simply the newest issue
Jarrett joins Lyft throughout a amount of growth mostly stemming from Uber-related backlash — when the #DeleteUber scandal, widespread accusations of harassment at Uber, a video showing founder and then-Chief govt Travis Kalanick reproval a driver, and a spread of different setbacks to Lyft's chief rival.

Lyft touted in its journal post that it had given additional rides thus far this year than altogether of 2016. Still, Uber remains the large of the trade, with recent valuations at concerning $70 billion — nearly ten times that of Lyft.

Jarrett is that the initial Lyft member to not represent a serious stockholder, in step with Lyft. the opposite board members are: founders inexperienced and Zimmer, Andreessen Horowitz|pianist|piano player} co-founder mountain Horowitz, General Motors President Dan Ammann, Icahn Capital's dessert apple Christodoro, capitalist and former Trulia Chief money dealer Sean Aggarwal, Rakuten's Hiroshi Mikitani and Floodgate Fund's Ann Miura-Ko.

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