• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive
TechLyft

Trump Taps Lyft Executive For Big Post

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
April 6, 2017, 8:42 PM ET
Google source logo
Add Fortune on Google for similar content.

The White House said Thursday that President Donald Trump plans to nominate a Lyft executive as under secretary of transportation for policy.

Derek Kan is general manager for San Francisco-based ride services company Lyft in Southern California. He previously was policy adviser to Senate Republican Leader Mitch McConnell, the husband of Transportation Secretary Elaine Chao.

The announcement comes after Chao said in late February she was reviewing self-driving vehicle guidance issued by the Obama administration.

The guidelines, which were issued in September, call on automakers to voluntarily submit details of self-driving vehicle systems to regulators in a 15-point “safety assessment.” Automakers have raised numerous concerns about the guidance, including that it requires them to turn over significant data, could delay testing by months and lead to states making the voluntary guidelines mandatory.

Reuters reported on Thursday that Lyft has nearly completed a funding round of at least $500 million, valuing the company at $7.5 billion, according to a source close to the company. The $7.5 billion valuation marks a sharp increase from the $5.5 billion valuation at Lyft’s last financing more than a year ago.

Kan also serves on the board of Amtrak and has worked at a Silicon Valley start-up and Bain & Company.

Reuters reported in February that General Motors’ plans to deploy thousands of self-driving electric cars in test fleets in partnership with Lyft, beginning in 2018, citing two sources familiar with the automaker’s plans. GM is an investor in Lyft.

Kan will offer policy guidance as the department faces a number of big decisions at the agency.

The White House is still looking to fill many key transportation posts, including a head of the National Highway Traffic Safety Administration.

The Transportation Department regulates the nation’s vehicles, airplanes, railroads, pipelines, ports and highways – including whether to allow the use of small unmanned aerial vehicles, or drones, over people and whether U.S. fuel efficiency standards should be revised.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.