LYFT APPOINTS FORMER OBAMA ADVISER TO BOARD
5Ride-hailing company Lyft Inc. said on Monday it appointed Valerie Jarrett, an adviser to former President Barack Obama, to its board Jarrett, 60, served in several roles during Obama’s eight-year administration. Most recently she was senior adviser to Obama and an assistant to the former president for public engagement and intergovernmental affairs. Jarrett has also worked as Chicago’s commissioner of planning and development and held the chair of the city’s transit board. The appointment comes at a time when Lyft, co-founded by Logan Green and John Zimmer, is vying for a bigger share of the U.S. ride-hailing market, which is dominated by Uber Technologies Inc.