Peloton Chairman Exits in Shake-Up

by | Sep 12, 2022 | Business

By Sharon TerlepUpdated Sept. 12, 2022 6:35 pm ETListen to article(2 minutes)Peloton Interactive said co-founder John Foley and other senior leaders are leaving the company in a management shake-up as the maker of connected exercise equipment races to turn itself around.Peloton has struggled with deepening losses this year after a pandemic-fueled spike in demand for its at-home workouts left the company with a glut of unsold bicycles when consumers returned to gyms and outdoor activities. The company’s shares have plunged more than 90% over the past year.

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