Peloton Announces New CEO Following Sharp Stock Decline

Thursday, 2 May 2024, 11:10

Barry McCarthy has resigned as Peloton’s CEO after a significant 90% drop in the company's stock value during his tenure. The unexpected shift in leadership poses challenges and opportunities for the popular connected-fitness company amidst market turbulence.

https://store.livarava.com/18977ee1-0875-11ef-a6c0-63e1980711b2.jpg — Peloton Announces New CEO Following Sharp Stock Decline

Peloton's CEO Replacement Amid 90% Stock Decline

Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.

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