A Peloton exercise bike is seen after the opening bell rings for the company’s IPO at the Nasdaq market site in New York City, New York, USA, September 26, 2019.
Shannon Stapleton | Reuters
by peloton CFO, Jill Woodworth, will leave the company and be replaced by Liz Coddington, an executive at Amazon Web Services, starting next week, the company announced Monday.
The handover marks another departure at the top of the home fitness company. Peloton earlier this year appointed Barry McCarthy, former CFO of Netflix and Spotify, to the role of CEO.
McCarthy took the helm from founder John Foley at a time of intense upheaval for the company, which suffered from rising costs and falling demand. He launched the company on an aggressive cost restructuring plan that partly emphasizes recurring subscription revenue.
“Liz is a very talented financial executive and will be an invaluable addition to Peloton’s leadership team,” McCarthy said in a statement. “Having worked at some of the strongest and most recognizable technology brands, he not only brings the expertise needed to manage our financial organization, but he has a critical understanding of what it takes to drive growth and operational excellence. intellect, skills and leadership firsthand and I am thrilled to work closely with her as we carry out the next phase of Peloton’s journey. “
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