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OFFON

AMAZON.COM, INC.

(AMZN)
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2737.99 USD   -4.03%
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Lyft names Amazon Studio's Elaine Paul as CFO

12/02/2021 | 05:35pm EST
FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles

(Reuters) - Ride hailing firm Lyft Inc on Thursday named Amazon.com Inc's executive Elaine Paul as its new chief financial officer, replacing Brian Roberts who is stepping down after seven years in the role.

Paul will take up the new position from Jan. 3. She is currently the CFO and vice president of Amazon Studios, the film and web series producing unit of Amazon.

The transition comes at a time when Lyft and rival Uber are attempting to cut costs to make up for a decline in ridership and a lack of drivers due to the pandemic.

"There will be no spoilers today, but I have found an exciting frontier opportunity with mission-driven founders focused on serving their community," Roberts said in a LinkedIn post.

Lyft said Roberts' departure is not the result of any dispute or disagreement with the company or its board.

"Over the past seven years, Brian has made a huge contribution to Lyft. With his support and leadership, Lyft went public and reached adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) profitability -- two critical milestones," said Logan Green, Lyft's co-founder and chief executive officer.

Before joining Amazon, Paul, 54, served as the CFO of Hulu for six years, prior to which she worked at Walt Disney Co for 19 years in senior finance, strategy and business development roles.

Roberts will remain as an adviser until June 2022 to assist with the transition, Lyft said.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -4.48% 2723.2 Delayed Quote.-14.44%
LYFT, INC. -5.95% 34.65 Delayed Quote.-13.88%
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Analyst Recommendations on AMAZON.COM, INC.
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Financials (USD)
Sales 2021 470 B - -
Net income 2021 21 078 M - -
Net cash 2021 37 060 M - -
P/E ratio 2021 69,9x
Yield 2021 -
Capitalization 1 447 B 1 447 B -
EV / Sales 2021 3,00x
EV / Sales 2022 2,51x
Nbr of Employees 1 298 000
Free-Float -
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 2 852,86 $
Average target price 4 135,86 $
Spread / Average Target 45,0%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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