Peloton co-founder Foley leaves US fitness company in latest shake-up
The reshuffling extends a year of upheaval at the New York-based company, which thrived in the early days of the pandemic but is now suffering from declining sales and mounting losses
John Foley, the executive chairman and co-founder of Peloton, is stepping down from the fitness company as part of a leadership shake-up, extending the turbulence at a business trying to pull out of a deep slump.
Foley, who helped start Peloton in 2012 and served as chief executive officer for 10 years, resigned late on Monday, the company said in a statement. Foley took the executive chairman role in February when he handed the reins ...