Lyft edges closer to IPO? Hires Kristina Omari to be VP of investor relations


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Kristina Omari is Lyft’s new vp of company growth and investor relations.


Lyft

Fresh off the heels of $1.5 billion in new investor funding, Lyft is hiring a vp of company growth and investor relations. Kristina Omari, former vp of company growth for Fitbit, has been tapped for the job.

“She brings a proven track record of helping companies grow in a fast-paced environment,” Brian Roberts, Lyft’s chief monetary officer, stated in a press release. “Her skills and experience will help Lyft continue to expand.”

Compared with Uber, Lyft has lengthy been the small canine within the ride-hailing world. It’s obtained $four.1 billion in enterprise funding and is valued at $11.5 billion, whereas Uber has obtained $12.9 billion and is valued at $68 billion.

But Lyft has steadily grown over the past 12 months as Uber has been mired in scandals. It’s launched in dozens of latest cities throughout the nation and now’s as ubiquitous as Uber. Uber CEO Dara Khosrowshahi stated he is aiming for a 2019 preliminary public providing within the subsequent 18 to 36 months. But Lyft could also be a fair earlier IPO.

Sources with information on the matter instructed the New York Times in October that Lyft was exploring going public in 2018. To reportedly strengthen its place for an IPO, Lyft had been looking for further investments. It’s obtained two huge rounds of funding this 12 months, totaling greater than $2 billion. Lyft declined to touch upon whether or not hiring Omari needed to do with a forthcoming IPO.

Omari has labored in funding, technique and mergers and acquisitions for the previous 20 years. She joins Lyft from Fitbit. Before that she labored for Adobe, Hewlett-Packard and Lehman Brothers. Omari additionally co-founded a nonprofit referred to as BuildUp, which assists tech entrepreneurs from under-represented backgrounds.

“Lyft has had an amazing year,” Omari stated in a press release. “I can’t wait to help the company continue delivering for passengers and drivers.”

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