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Uber/Lyft

Lyft COO Departs

Lyft has lost its head of operations for the second time in two years after an apparent disagreement over the company’s power structure. Lyft CEO Logan Green and co-founder John Zimmer sent a companywide email this morning telling employees that COO Jon McNeill, who arrived just over a year ago from Tesla to be COO, would leave.

The departure occurred in part because Mr. McNeill, once viewed by some employees as a possible successor to Mr. Green, did not obtain as much control over the company’s affairs as he had expected, said a person briefed on the situation. The company, which went public in March but whose shares are trading below its IPO price, told employees it did not have plans to replace Mr. McNeill.

Together, the Lyft founders effectively have voting control over the company. A Lyft spokesman didn’t comment about the founders’ email, and Mr. McNeill didn’t respond to a written request for comment. Bloomberg first reported the news. Lyft’s share price dropped slightly after the report but recovered to the same price as before the report.

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