A Peloton exercise bike is seen after the opening bell of the company’s IPO rings at the Nasdaq market site in New York City, New York, US, September 26, 2019.
Shannon Stapleton | Reuters
On Monday, the company announced that Peloton’s chief financial officer, Jill Woodworth, is leaving the company and will be replaced by Liz Coddington, chief executive officer of Amazon Web Services, starting next week.
The delivery marks another breakthrough among the leading home fitness companies. Peloton earlier this year appointed Barry McCarthy, the former chief financial officer of Netflix and Spotify, as CEO.
McCarthy took the helm from founder John Foley at a time of severe turmoil at the company, which was struggling with rising costs and waning demand. He launched the company on a robust cost restructuring plan that partially emphasizes recurring subscription revenue.
“Liz is a very talented financial executive and will be an invaluable addition to the Peloton leadership team,” McCarthy said in a statement. “Having worked for some of the strongest and most recognized brands in technology, she not only brings the expertise needed to run our financial organization, but has a critical understanding of what it takes to drive growth and operational excellence. I have seen her intelligence, capabilities and leadership firsthand and am excited to work with her closely As we carry out the next phase of the Peloton journey.”
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