Ride hailing major Lyft has appointed former United Airlines Chief Commercial Officer Julia Haywood to serve as its VP of Strategy. The basic plan is for her to own Lyft’s market expansion efforts and accelerate growth.
“I’m excited to see Julia make a huge impact here at Lyft,” stated Jon McNeill, chief operating officer at Lyft. “We are in a period of hypergrowth, and as the complexity of our product offerings and organization increases, Julia’s hands-on approach to tackling challenges is just what we need to best-position us for the future.”
The company is also expected to launch its initial public offering (IPO) an for this it has selected JPMorgan Chase & Co. as the lead underwriter along with Credit Suisse Group and Jeffries Group.
It has also been stated that the company’s valuation will exceed $15.1 billion. Also, since joining Lyft from Tesla in February, McNeill has made a number of appointments to the team, including a few from Tesla.
It was in September that the company crossed the milestone of one billion rides. Earlier that month, Lyft officially entered the scooter-sharing space when it launched electric scooters in Denver, Colo.