John Foley founded Peloton in 2012, and became a billionaire during the pandemic when millions turned to exercising at home. He resigned on Monday after shares fell 90 percent.
US exercise equipment and media company announced that it has accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12 and October 3, respectively.Peloton last month laid off .
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.