Venture Capitalist and Lyft Investor Ben Horowitz to Leave Board in Ju …

Andreessen Horowitz co-founder and general partner Ben Horowitz is leaving Lyft’s board this summer after four years of service to the company. 

The announcement came in the form of a document filed with the U.S. Securities and Exchange Commission at the end of April. Although Horowitz will remain on the board until June 19, the date of Lyft’s annual shareholder meeting, he will not seek reelection. 

In addition to serving on the ride-sharing company’s board for four years, Horowitz was also an early investor in Lyft through his venture firm. He will continue to serve on the boards of 13 other well-known portfolio companies, including Okta, Foursquare, Genius, Medium, and Databricks.

Although Horowitz could not be reached for comment on his decision to not seek reelection, a Lyft spokesperson thanked him for his tenure in a recent email.

“We thank Ben for his longtime partnership with Lyft, including his four years of service on our board. During his tenure, Ben has helped Lyft achieve some of its most significant milestones, including our initial public offering in 2019. We wish Ben all the best as he continues his work as a pioneering investor and leader in the venture capital community.”

After Horowitz’ decision to not serve another term was announced, Lyft acknowledged his service, praising his experience in management and operations, as well as his experience as a venture capital investor, in the agenda for the upcoming annual shareholders meeting in July. 

This year, the meeting will be held virtually at 1:30 p.m. PT on June 19, 2020. 

Shareholders and other viewers can join the meeting here in order to vote, submit questions, and participate:

www.virtualshareholdermeeting.com/LYFT2020 

Other notable agenda items include Lyft’s plans to elect two new directors, who will serve until 2023, and the ratification of PricewaterhouseCoopers LLP’s appointment as its independent registered public accounting firm. Two other board members, including Lyft’s co-founder and CEO, are up for re-election. 

Source: TechCrunch

 

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