Peloton Interactive, Inc. is reporting that company CFO Liz Coddington will be leaving the company to pursue an opportunity outside the industry. Coddington is expected to remain with Peloton through March, and the company said it has initiated a comprehensive search for its next CFO.
“Liz has played a vital role in Peloton’s continued transformation and I want to thank her for her partnership, dedication, and tireless work in architecting Peloton’s financial turnaround,” said Peter Stern, President & CEO, Peloton Interactive. “As Liz moves on to her next opportunity, she leaves us not only with a better balance sheet, but also a renewed sense of financial discipline. In so doing, she has helped clear the path for us to move beyond connected fitness to realize our ambition in connected wellness.”
Coddington added, “I’m proud of the work we’ve done over the past four years to improve our financial profile, put in place a winning strategy, and position the business for the future. I’m confident that Peloton’s brightest days are ahead and I look forward to seeing the company realize its full potential with the strong team in place under Peter’s leadership.”
Image courtesy Peloton Interactive, Inc.
