Ben Horowitz, the co-founder and general spouse of venture capital firm Andreessen Horowitz won’t seek re-election to Lyft’s board, according to a document entered with the U.S. Defences and Exchange Commission on Monday.
Horowitz has dished as a board of director at the ride-hailing company since June 2016. His venture firm, which he co-founded with Marc Andreessen, was an early investor in Lyft. He will stay on the board until Lyft’s annual shareholder see be held in june 19. Horowitz’s plan to leave the board was firstly spotted by Protocol reporter Biz Carson.
Horowitz could not be reached for remark. TechCrunch will update such articles if he responds.
” We thank Ben for his longtime partnership with Lyft, including his four years of service on our timber ,” a Lyft spokesperson said in a email to TechCrunch.” 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 manipulate as a pioneering investor and governor in the venture capital community .”
Horowitz performs on boards of 13 other portfolio corporations, including Okta, Foursquare, Genius, Medium and Databricks.
Horowitz was selected to serve on Lyft’s board because of his extensive operating and management experience, his knowledge of technology companies and his extensive experience as a venture capital investor, the company said in filing announcing the agenda for its 2020 annual stockholders meeting.
The annual satisfy ever held practically at 1:30 p.m. PT June 19, 2020. Stockholders and others can attend the Annual Meeting by see www.virtualshareholdermeeting.com/ LYFT2 020. Stockholders will be able to defer the issues and vote online.
During the gratify, Lyft plans to elect two leads to serve until 2023 and to ratify the appointment of PricewaterhouseCoopers LLP as its independent cross-file public statement firm.
Lyft co-founder and CEO Logan Green and Ann Miura-Ko, co-founder and artner at Floodgate Fund are up for re-election as board members.
The company’s agenda includes two measures to approve, on an advisory basis, the compensation of its specified executive officers and the frequency of future stockholder advisory votes on the compensation of its reputation executive officers.