Ben Horowitz, the co-founder and general companion of enterprise capital agency Andreessen Horowitz, won’t search re-election to Lyft’s board, according to a document submitted with the U.S. Securities and Exchange Commission on Monday.
Horowitz has served as a board director at the ride-hailing firm since June 2016. His venture agency, which he co-founded with Marc Andreessen, was an early investor in Lyft. He’ll stay on the board until Lyft’s annual shareholder meeting scheduled for June 19. Horowitz’s plan to leave the board was first spotted by Protocol reporter Biz Carson.
Lyft is not planning to fill Horowitz’s board seat.
Horowitz serves on boards of 13 other portfolio firms, along with Okta, Foursquare, Genius, Medium, and Databricks.
Horowitz was selected to serve on Lyft’s board due to his extensive operating and management experience, his knowledge on technology companies and his extensive experience as an enterprise capital investor, the company stated in a filing announcing the agenda for this year’s annual shareholders’ meeting.
The annual meeting will be held virtually on June 19, 2020. Shareholders and others can attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/LYFT2020. Shareholders will be able to submit questions and vote online.