Peloton (PTON): Foley s Exit Further Reduces the Likelihood of Sale streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Peloton announced that two of its co-founders are leaving the company. Peloton announced that two of its co-founders are leaving the company. On Monday, Peloton announced that its co-founder and now executive chairman of the board John Foley has resigned effective Monday, while co-founder Hisao Kushi will no longer serve as the company's chief legal officer on October 3.
Peloton co-founders John Foley and Hisao Kushi are resigning from the company. The leadership changes come as the fitness giant has embarked on an $800 million restructuring plan.
Notable stocks from the tech and communication services sectors, including Oracle Corporation (NYSE:ORCL), Meta Platforms, Inc. (NASDAQ:META) and Lumen Technologies, Inc.