Exercise bike company Peloton is betting a new CEO will help turn the company around. After years of lacking sales, this new restructuring is the company’s best shot at a comeback. 

Can New Peloton CEO Save Their Bikes?

Peloton has been facing some rocky roads in the past few years. 

Although, ever since rising in popularity as the pandemic ushered us indoors…

The company struggled to recreate the indoor workout boom. 

After supply chain pressures and a plummeting valuation, the company decided to enact a new restructuring plan that would hopefully save them. 

PART OF THE PLAN TO SAVE PELOTON BIKES IS USHERING IN A NEW CEO. 

The new CEO of Peloton bikes, Peter Stern, is set to take over at the start of January. Stern, who worked as president of Ford Integrated Services…

Also worked at Apple for more than six years, leading the growth of the company’s subscription-based services. 

As CEO of Peloton bikes, Stern will lead the company’s new shift into video content and expand its subscription service. 

After the Peloton announced the new CEO, tasked with saving their exercise bikes…

COMPANY STOCK JUMPED 28%

Ultimately, the new CEO of Peloton bikes definitely has his work cut out for him. 

Be Great, 

GCTV Staff

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