Peloton Interactive Inc co\u002Dfounders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is…
“It is time for me to start a new professional chapter,” said Foley, who was replaced earlier this year as chief executive under pressure from an activist investor as the company struggled to maintain the breakneck growth that propelled its valuation to $52 billion in early 2021.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againKaren Boone, elected to the company’s board in 2019, will replace Foley as the executive chair.
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