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Benzinga
Benzinga
Business
Adam Eckert

Peloton Shares Drop As Co-Founders Step Down From Roles At Embattled Connected Fitness Company

Peloton John Foley Nasdaq Peloton Interactive

Peloton Interactive Inc (NASDAQ:PTON) shares were trading lower in Monday's after-hours session after the company announced that co-founders John Foley and Hisao Kushi will step down from their roles at the connected fitness company.

Foley is currently executive chair of Peloton. He formerly held the chief executive role. His resignation is effective as of today. Kushi is the current chief legal officer of Peloton. His resignation will become effective on Oct. 3.

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