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Peloton gets new CFO from Amazon Web Services

Peloton Interactive Inc. (PTON) said late Monday it has named Liz Coddington as its next chief financial officer, effective June 13. She will replace Jill Woodworth, who has decided to step down after being with the company since 2018, the company said, without elaborating further. Most recently, Coddington worked as VP of finance for Amazon.com Inc.'s (AMZN) Amazon Web Services, and before that held senior positions at Walmart.com, Netflix Inc., and others, the connected fitness-equipment maker said. Woodworth will be an interim consultant for Peloton to ensure a "smooth transition" and to support the company in preparing its 2022 financial results, the company said. Peloton last month reported fiscal third-quarter results below Wall Street expectations and delivered a downbeat outlook. In February, co-founder John Foley announced he was stepping down as chief executive and that the company would be implementing a cost-cutting plan that included job cuts. Shares of Peloton rose 0.2% in the extended session after ending the regular trading day up 0.4%. The stock has lost 65% this year, compared with losses of about 14% for the S&P 500 index.

-Claudia Assis

 

(END) Dow Jones Newswires

06-06-22 1631ET

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