Reported 26 days ago
Peloton Interactive has named former Apple executive Peter Stern as its new CEO and president, effective January 1, 2025, as part of a strategy to turn around the company's decline post-pandemic. Stern, who has significant experience in subscription services, previously led Apple’s services division, including Apple Fitness+. His appointment comes as Peloton has struggled with revenue expectations, despite raising its fiscal 2025 EBITDA forecast, following a leadership vacuum since the departure of Barry McCarthy.
Source: YAHOO