Peloton Chairman Exits in Shake-Up

The fitness-equipment maker said co-founder John Foley resigned in a management overhaul, as the company is in the midst of a restructuring, slashing costs to reflect reduced demand for its products. The company’s legal chief and commercial head are also leaving.

Peloton Chairman Exits in Shake-Up
The fitness-equipment maker said co-founder John Foley resigned in a management overhaul, as the company is in the midst of a restructuring, slashing costs to reflect reduced demand for its products. The company’s legal chief and commercial head are also leaving.