Peloton CEO John Foley to Step Down, Transition to Executive Chair as Company Cuts 2,800 Jobs, Says Report

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The news of CEO John Foley stepping down comes ahead of Peloton’s fiscal second-quarter results, which are set to come after the market closes on Tuesday.

Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton's board, the report said.

The job cuts are expected to impact about 20% of Peloton's corporate positions, but they won't affect Peloton's instructor roster or content, according to the Journal.The news of Foley stepping down comes ahead of Peloton's fiscal second-quarter results, which are set to come after the market closes on Tuesday.

William Lynch, Peloton's president, is also expected to step down from his executive role but remain on the board, Foley said in an interview with the Journal. Erik Blachford, a director since 2015, is expected to leave the board, and two new directors will be added. Roughly a week ago, activist Blackwells Capital — which has a less than 5% stake in the company — sent a letter to Peloton's board urging Foley to quit his role as CEO, and asking the company to consider selling itself.

 

コメントありがとうございます。コメントは審査後に公開されます。

Seems simple, everyone/anyone who was going to get an exercise machine, has already got one. Can't pull blood from a stone

shameful attitude, a good CEO doesn't quit out, solves and makes it grow.

Moving the founder out paves the way for the acquisition...

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 545. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Spotify CEO says company won’t cancel Joe Rogan after N-word controversySpotify CEO Daniel Ek told staffers the company will not be “canceling” Joe Rogan after a clip of the podcaster using the N-word went viral. I guess we will find out if cancel culture is becoming irrelevant, kinda like how the Covid virus is petering out. That’s okay. People have spoken. They are cancelling Spotify.
ソース: PageSix - 🏆 320. / 59 続きを読む »