Summary by Moomoo AI
On December 31, 2023, Lyft Inc. announced the appointment of Jill Beggs as a new member of its Board of Directors, effective immediately. Beggs will serve as a Class III director until the 2025 Annual Meeting of Stockholders and has also joined the Audit Committee of the Board. With a background as Senior Vice President and Head of North America Reinsurance at Everest Group, Ltd. since November 2021, and various leadership roles at Munich Re prior to that, Beggs brings extensive experience in the insurance industry to Lyft's board. She holds a B.A. in Management from Gettysburg College and has professional affiliations with the Association of Professional Insurance Women and the CPCU Society's Central NJ Chapter. Lyft highlighted her significant operating experience in insurance as the reason for her selection. No related party transactions between Beggs and Lyft have been reported, and she will receive the standard compensation for non-employee directors as outlined in Lyft's May 1, 2023, Proxy Statement. Additionally, Lyft will enter into a standard indemnification agreement with Beggs.