Peloton (PTON) Taps Ford Executive as New CEO to Lead Turnaround Effort
Peloton Interactive Inc. named Ford Motor Co. executive Peter Stern as its next chief executive officer, entrusting him to lead a turnaround of the long-struggling fitness company. Stern — who is currently president of Ford Integrated Services and previously served as a vice president for Apple Inc. — will join Jan. 1, the company said Thursday. Peloton also delivered its latest financial report, saying that revenue would be $640 million to $660 million in the second fiscal quarter. The midpoint...
Read more at bloomberg.com