Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company
Publishing timestamp: 2023-09-26 17:42:10
Summary
Tom Cortese, co-founder and Chief Product Officer of Peloton, is leaving the company after nearly 12 years. He will be replaced by Nick Caldwell, a Silicon Valley veteran who has held positions at Twitter, Google, and Microsoft. Cortese will move into an advisory role, while Caldwell will oversee global product development. The departure of Cortese comes as Peloton faces challenges with product recalls and legal battles. The company has been focusing more on its subscription revenue and app offerings.
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Keywords: breaking news: business, peloton interactive inc, retail industry, business, business news,
Source: https://www.cnbc.com/2023/09/26/peloton-co-founder-tom-cortese-leaving-company.html