Peloton announced Ford executive Peter Stern will take over on January 1st while announcing improved profitability in Q1 2025.
Peloton’s got a new head honcho. The company announced that Ford executive Peter Stern will take over as CEO and President starting January 1st. Stern previously worked at Apple and Time Warner Cable.
Stern spent more than six years at Apple as VP of services. On top of his experience with Fitness Plus, a direct competitor for Peloton, he handled Apple TV Plus, iCloud, Apple News, Apple Books, Apple Arcade, and Apple One. Peloton also noted several new software features are in the works. That includes a previously announced strength training app for gym-goers, which has had 70,000 signups thus far.
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