Peloton Interactive (PTON) has issued an update.
Barry McCarthy will step down as CEO of Peloton Interactive and transition to a strategic advisory role, while Karen Boone and Chris Bruzzo take over as Interim Co-CEOs. This leadership shift is part of a smooth transition strategy, with McCarthy continuing to provide advisory services until the end of the year. Boone brings her financial expertise from Restoration Hardware and Deloitte, while Bruzzo contributes his experience from Electronic Arts and Starbucks. The board has adjusted their compensation and committee roles accordingly, ensuring a seamless change in management.
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