Peloton named Peter Stern its new CEO.Scott Heins/Getty Images; Peloton; Rebecca Zisser/BIPeloton announced that Ford executive Peter Stern will join the company as its new CEO.The fitness company is betting Stern can help turn things around.He's expected to focus on trimming spending and retaining current Peloton subscribers.Peloton is betting that its new CEO can deliver a much-needed turnaround.On Thursday, Peloton announced Ford executive Peter Stern would be joining as its new chief executive in January — the latest in a series of shake-ups for a company that has been struggling after riding a pandemic-era high.
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Fri, 11/01/2024 - 2:01am
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