Lyft hires IRO amid listing rumors

Dec 18, 2017
Uber competitor recently raised $1 bn in funding led by Alphabet’s CapitalG

Lyft, the ride-hailing company, has announced the appointment of Kristina Omari to the newly created position of vice president of corporate development and investor relations.

Omari joins from Fitbit, a producer of activity trackers, where she was vice president of corporate development since 2015. Prior to this, she spent eight years in a similar position at Adobe where she was involved in 25 acquisitions.

The Stanford MBA graduate started her career in investment banking at PaineWebber and Lehman Brothers, later moving to Hewlett-Packard as director of strategy and corporate development. She also co-founded BuildUp, a non-profit organization promoting diversity and inclusion.

‘We couldn’t be more excited to welcome Kristina to our growing team,’ says Lyft CFO Brian Roberts in a company release. ‘She brings a proven track record of helping companies grow in a fast-paced environment. Her skills and experience will help Lyft continue to expand as we work toward our mission of improving people’s lives with the world’s best transportation.’

Lyft is said to be planning an IPO as early as next year, according to the financial press. A recent round of funding led by CapitalG, the venture investment arm of Alphabet, has valued the company at $11.5 bn – still a far cry from competitor Uber, which is valued at $70 bn.

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