Peloton Co-Founders John Foley and Hisao Kushi Are Leaving the Company in a Broad Executive Shakeup

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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Peloton says co-founders John Foley and Hisao Kushi are leaving the companyThe executive departures come one month after Peloton said it was cutting almost 800 jobs and closing stores as it sought to trim costs and improve its financial situation. Dust collector time? Cut and run before the company goes bankrupt right? William Lynch - OUT John Foley - OUT Jill Foley - OUT Kevin Cornils - OUT Hisao Kushi - OUT Factories Closed Manufacturing Outsourced full 3PL Supply Switch to XPO logistics Retail trimmed Bike production trimmed Subscriptions increasing Partnerships and collegiate ON Amazon ON
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