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☆ Peloton's new CEO has a chance to turn things around. Here's what he needs to do.
  + stars: | 2024-11-01 | by ( Madeline Berg | Mary Hanbury | Erin Snodgrass | ) www.businessinsider.com   time to read: +5 min
Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.
Persons: Peter Stern, Stern, —, Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple
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