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The Wall Street Publication > Blog > Tech > Peloton Chairman Exits in Shake-Up
Tech

Peloton Chairman Exits in Shake-Up

Editorial Board Published September 12, 2022
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Peloton Chairman Exits in Shake-Up
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By Sharon Terlep

Updated Sept. 12, 2022 6:35 pm ET

Peloton Interactive said co-founder John Foley and other senior leaders are leaving the company in a management shake-up as the maker of connected exercise equipment races to turn itself around.

Peloton has struggled with deepening losses this year after a pandemic-fueled spike in demand for its at-home workouts left the company with a glut of unsold bicycles when consumers returned to gyms and outdoor activities. The company’s shares have plunged more than 90% over the past year.

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