In 2022, Peloton CEO Barry McCarthy was tapped to replace co-founder John Foley as the upscale fitness company faced a post-pandemic slump and struggled to navigate after the tragic death of a child involving one of its treadmills, but that never happened. He was replaced this week. At the time, then Lead Independent Director Karen Boone said in a statement that the "leadership transition will best position Peloton for sustainable growth, profitability, and long-term success." She cited... Read this story
