barrymccarthy
John Foley and Hisao Kushi have resigned from Peloton. The businessmen founded the exercise equipment company back in 2012 but have decided to step down from their respective positions as Executive Chair and Hisao Kushi as Chief Legal Officer, with former Audit Committee Chair Karen Boone stepping into John's shoes and former Uber boss Tammy Albarrán set to replace Hisao in his role. In a blog post, the company said: "The Board has appointed Karen Boone as Peloton's Chairperson of the Board. Boone was first elected to Peloton's Board as Audit Committee Chair in 2019 and subsequently named Lead...
BANG Showbiz English
Peloton Interactive Inc (NASDAQ:PTON) is set to cut 2,800 jobs —about 20% of its workforce— and appoint ex-Netflix Inc (NASDAQ:NFLX) Barry McCarthy as CEO as of Tuesday. The move is intended to revive the flailing company. Q4 2021 hedge fund letters, conferences and more BolsteringAs reported by CNN Business, Peloton is undergoing a major restructuring program that includes cutting jobs and replacing CEO John Foley with former Netflix and Spotify Technology SA (NYSE:SPOT) boss, Barry McCarthy. Foley is set to become the company’s executive chair. By cutting about 20% of its corporate staff, Pe...
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