Lyft announced the appointment of Michael Brous as its new Chief Financial Officer (CFO), effective September 28, 2026. Brous, an internal candidate with nearly eight years at the company, will succeed Erin Brewer, who is retiring. Concurrently, the company reaffirmed its financial guidance for the third quarter of 2026.
Key Details
- Executive Transition: Michael Brous will assume the CFO role on September 28, 2026. Retiring CFO Erin Brewer will remain as an advisor through December 15, 2026, to ensure a smooth transition.
- New CFO Compensation: Mr. Brous's employment agreement includes a $650,000 annual base salary, a target bonus of 50% of his base salary, and RSU and PSU awards valued at approximately $3.55 million.
- Guidance Reaffirmed: The company reaffirmed its third-quarter 2026 guidance for Gross Bookings, Adjusted EBITDA, and Adjusted EBITDA margin, which was initially provided on August 6, 2026.