Ben Horowitz, The co-founder and general partner of venture capital company Andreessen Horowitz will not seek re-election to Lyft's board of directors, according to a document filed with the Securities and Exchange Commission on Monday.
Horowitz has been a board member of the hail fighting company since June 2016. His venture company, which he founded together with Marc Andreessen, was an early investor in Lyft . He will remain on the board until Lyft's annual general meeting scheduled for June 19. Horowitz’s plan to leave the board was first discovered by protocol reporter Biz Carson.
Lyft does not plan to fill Horowitz's board seat.
Horowitz could not be reached for a comment. theinformationsuperhighway updates this article when it responds.
"We thank Ben for his longstanding partnership with Lyft, including four years on our board," said a Lyft spokesman in an email to theinformationsuperhighway. "During his tenure, Ben helped Lyft achieve some of his key milestones, including our IPO in 2019. We wish Ben all the best as he continues as a pioneering investor and leader in the venture capital community."
Horowitz is a board member of 13 other portfolio companies, including Okta, Foursquare, Genius, Medium and Databricks.
Horowitz was selected to serve as a board member of Lyft based on his extensive operational and management experience, his knowledge of technology companies and his extensive experience as a venture capital investor. The company announced this in a message announcing the agenda for the 2020 Annual General Meeting.
The annual meeting takes place practically at 1:30 p.m. PT June 19, 2020. Shareholders and others can attend the Annual General Meeting at www.virtualshareholdermeeting.com/LYFT2020. Shareholders can ask questions and vote online.
During the meeting, Lyft plans to elect two directors to be in office by 2023 and to confirm the appointment of PricewaterhouseCoopers LLP as its independent, registered accounting firm. Logan Green, co-founder and CEO of Lyft, and Ann Miura-Ko, co-founder and partner of the Floodgate Fund, are standing for re-election as board members.
The company's agenda also includes two measures to approve, on an advisory basis, the remuneration of the designated officers and the frequency of future advisory votes by shareholders on the remuneration of the designated officers.