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Valerie Jarrett joins Lyft's board of directors

While Uber works to find a new CEO, rival Lyft is adding a new board member: Valerie Jarrett, a former Senior Advisor to President Obama and Assistant to the President for Public Engagement and Intergovernmental Affairs.

The job: Jarrett is Lyft's first independent board member. The ride-hailing company says it's been looking to hire one for the past several months, and Jarrett is best suited thanks to her experience in both the private and public sectors, including as commissioner of Chicago's planning department and chairing the city's transit board. Lyft co-founder and CEO Logan Green shares this type of experience with Jarrett; in college, he served on his local transportation board.