Aug 14 (Reuters) - Lyft ( LYFT ) said on Thursday its

co-founders Logan Green and John Zimmer are stepping down from

the ride-hailing services provider's board, following the

completion of a two-year transition plan.

Green and Zimmer began serving as the chair and vice chair

of Lyft's ( LYFT ) board in 2023 after stepping down as CEO and

president, respectively, handing the reins to David Risher, who

has been a board member since 2021.

The duo founded Lyft ( LYFT ) in 2012, with the company now operating

across four continents and nearly 1,000 cities.

Sean Aggarwal, who was the chair of Lyft's ( LYFT ) board from 2019

to 2023, will reprise his role.

Zimmer is launching a new consumer-focused business venture

named YES&, while Green will continue as a venture partner at

Autotech Ventures, a firm investing in the mobility and

transportation sector.

Lyft ( LYFT ), which recently completed its nearly $200 million

acquisition of European mobility platform FreeNow, has signed a

deal with China's Baidu ( BIDU ) to introduce the search-engine

giant's robotaxis in the region.

It posted revenue of $1.59 billion in the second quarter,

missing estimates of $1.61 billion, according to data compiled

by LSEG.

Rides on Lyft's ( LYFT ) platform grew 14% to a record high of 234.8

million in the quarter, slightly below estimates of 235.9

million, per Visible Alpha.