(Bloomberg) -- Peloton Interactive Inc.’s Tom Cortese, its chief product officer and last remaining co-founder, is leaving the fitness company and passing the job to technology industry veteran Nick Caldwell. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlTech Stocks on the Rebound After Biden Talks Up AI: Markets WrapCitadel Is Ready to Fight With SEC Over WhatsApp ProbeRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon
Today Peloton (NASDAQ: PTON) announced the appointment of Nick Caldwell as Chief Product Officer (CPO), effective November 1, 2023. A Silicon Valley veteran with more than 20 years of global leadership experience, Caldwell joins the team with a proven track record of building and scaling products and services that excite customers, drive business growth, and deliver impact. Caldwell succeeds Peloton Co-Founder, Tom Cortese, and will report to CEO Barry McCarthy, leading global product developmen
An analyst cuts her price target on Peloton in half, and she's not the only one pedaling backwards.