Saturday, September 21, 2024
HomePoliticsPeloton appoints Twitter exec as new chief product officer

Peloton appoints Twitter exec as new chief product officer

Published on

spot_img



A former Twitter executive will join Peloton as its chief product officer, the company announced Tuesday, replacing a company co-founder in the role.

Nick Caldwell was named for the position on Tuesday, joining the leadership team of a company that has faced difficulty maintaining the rocketing growth it experienced during the COVID pandemic.

“Nick brings impressive engineering, design, and product experience to the Peloton team. Nick joins us at an exciting time as we lean into growing our subscriber base online and on our connected fitness hardware,” CEO Barry McCarthy said in a statement.

Caldwell held leadership roles at Microsoft, Reddit and Google before working as Twitter’s vice president of engineering and general manager for nearly two years until Elon Musk purchased the company in late 2022.

Peloton sales dropped in the fourth quarter but still beat investor expectations. The company has struggled with pricey product recalls and moving towards a subscription-focused revenue model. 

About 6.5 million people subscribe to Peloton’s membership programs, a 5 percent drop from the previous quarter.

The company went through mass layoffs in early 2022 as the company was wrecked by the end of a booming pandemic business, which ended in the resignation of its CEO and co-founder John Foley.

McCarthy has attempted to re-orient the company’s revenue via leaning on the subscription model and adding a leading option for Peloton exercise equipment.

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



Source link

See also  Young Michigan voters are 'uncommitted' to Biden; U.S. airman dies of self-immolation

Latest articles

Photos: Super Girl Surf Pro

Source link

SEC plans to reprimand Musk for skipping testimony on Twitter takeover

The Securities and Exchange Commission (SEC) is planning to reprimand billionaire Elon Musk...

Below Deck Med’s Captain Sandy Weighs In on Biggest Season 9 Drama

Captain Sandy, Elena Dubaich, Joe Bradley. Bravo (3) Captain Sandy Yawn is watching...

Can You Improve Your Wine Tasting Skills or Are You Just Born With It?

We all know expert-level wine tasting is a talent, but is it...

More like this

Photos: Super Girl Surf Pro

Source link

SEC plans to reprimand Musk for skipping testimony on Twitter takeover

The Securities and Exchange Commission (SEC) is planning to reprimand billionaire Elon Musk...

Below Deck Med’s Captain Sandy Weighs In on Biggest Season 9 Drama

Captain Sandy, Elena Dubaich, Joe Bradley. Bravo (3) Captain Sandy Yawn is watching...