Peloton Interactive, Inc. announced Barry McCarthy is stepping down as President, and a Peloton Board Director, and will become a strategic advisor to Peloton through the end of the year. The Board has initiated a comprehensive search process to identify Peloton's next CEO. Karen Boone, current Peloton Chairperson, and Chris Bruzzo, a Peloton Director, will serve as Interim Co-CEOs.

In addition, Jay Hoag, a Peloton Director, has been named the new Chairperson of the Board.