Lyft Inc. Chief Operating Officer Rex Tibbens is stepping down, according to a report late Monday. Axios said Tibbens plans to leave the company by year’s end. Tibbens joined the ride-sharing company in 2015 and previously worked at Amazon.com Inc. and Dell Inc. “In the new year, he’ll spend time advising companies, reacquainting himself with his family, and figuring out what’s next,” Lyft said in an email to employees that Axios acquired. Lyft did not say who will replace Tibbens. The position will be crucial if the rival to Uber Technologies Inc. is to go public next year, as some analysts have suggested. Last month, Lyft raised another $1 billion in funding, at a valuation of $11 billion.
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