Lyft names David Risher as new CEO after co-founders step down

Ride-sharing company Lyft has named David Risher, a former retail executive at Amazon, as new CEO from April 17. This comes after Lyft's Co-founders, CEO Logan Green and President John Zimmer, announced their decision to step down from their day-to-day responsibilities at the company. Lyft's shares are down about 13% this year while rival Uber has gained 24%.