Scooter startup Lime is shuffling its leadership as cofounder Brad Bao steps in as the company’s new CEO. He is taking over from his cofounder Toby Sun, who has been serving as CEO since the company started in January 2017. Sun will now report to Bao and focus on future research and development, as well as company culture.
“Having Brad focusing on the now and me focusing on the future is something I feel really really excited about,” Sun tells. “Brad was my mentor and my trusted business partner for a long time, so I feel confidence in having him lead the day-to-day.”Lime’s growth has exploded in the last two years since the duo launched the company in January 2017. It started as a bikeshare company and switched to scooters 14 months ago.
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