Peloton Interactive said co-founder John Foley and other senior leaders are leaving the company in a management shake-up as the maker of connected exercise equipment races to turn itself around.
Mr. Foley, who led the company for most of its 10-year existence, remained executive chairman after stepping down from the chief executive officer role in February. He resigned on Monday, the company said, and will be succeeded as board chair by Karen Boone, a former executive at Restoration Hardware and a Peloton board member since 2019.
