Lyft Names Michael Brous CFO, Succeeding Erin Brewer Effective September 28
Lyft said Michael Brous, its Head of Lyft Urban Solutions and Safety & Customer Care since November 2025, will become Chief Financial Officer effective September 28, 2026, replacing Erin Brewer, who is retiring. Brewer will advise the company through December 15, 2026, and the filing says her departure is not the result of any dispute with the company. The same day, Lyft reaffirmed its third quarter 2026 guidance for Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin, which it first gave on August 6, 2026.
Key points
- Michael Brous becomes CFO effective September 28, 2026; he has been at Lyft for nearly eight years, including since 2018 through the Motivate acquisition.
- Brous's employment letter sets a $650,000 annual base salary and a target annual cash bonus of 50% of base salary, subject to Board approval.
- Planned equity grants include RSUs with grant date values of about $775,000 and $2,000,000, plus PSUs with a grant date value of about $775,000.
- Lyft reaffirmed Q3 2026 Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin guidance and expects to report Q3 2026 earnings in November 2026.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.