Peloton announced that co-founder John Foley is resigning as executive chairman, effective immediately, as CEO Barry McCarthy ushers in new changes.
McCarthy's changes have included the introduction of rental options for the company's Bikes, certifying pre-owned Bikes for resale, selling Bikes and other products onMcCarthy reiterated his commitment to the overhaul during a fireside chat in the Goldman Sachs Communacopia and Technology conference Monday. He said the company will soon begin selling products in yet-to-be-announced brick-and-mortar locations.
Chief Strategy Officer Dion Sanders, who has overseen many of McCarthy's changes, will take on the new title of chief emerging business officer as he assumes many of the responsibilities of Cornils, the departing chief commercial officer. The company also signaled commitment to its apparel and accessories endeavors, which will be officially overseen by Jen Cotter, Peloton's chief content officer.
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