Lyft says CFO Paul to step down, appoints replacement

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The company said Paul, who has served as Lyft (NASDAQ:LYFT) CFO since January 2022, was leaving on May 19, and announced Brewer’s expected joining on July 10. Chief Accounting Officer Lisa Blackwood-Kapral will serve as finance chief in the interim.

The changes come after Lyft forecast a dull second quarter earlier this month, as price cuts in its race with bigger rival Uber Technologies (NYSE:UBER) Inc to add more riders take a toll on margins.

Brewer has previously served as the managing director, enterprise finance, at Charles Schwab (NYSE:SCHW) & Co and head of strategy and finance at software company Atlassian (NASDAQ:TEAM).

Lyft in March picked board member David Risher as its CEO.