PELOTON APPOINTS LIZ CODDINGTON AS CHIEF FINANCIAL OFFICER
NEW YORK, June 6, 2022 /PRNewswire/ — Peloton Interactive, Inc. (NASDAQ: PTON) today announced it has appointed Liz Coddington as the company’s Main Fiscal Officer, productive June 13, 2022. Ms. Coddington brings more than 20 yrs of knowledge in financial scheduling and analysis and operational finance, and has a proven track record of driving growth and making significant-general performance finance groups. She succeeds Jill Woodworth, who has made a decision to move down as Peloton’s Main Economic Officer after serving the corporation due to the fact 2018.
Ms. Woodworth will provide as a specialist for Peloton on an interim basis, guaranteeing a clean changeover and supporting the firm in planning to report its FY2022 economic results.
Most just lately, Ms. Coddington served as Vice President of Finance for Amazon World wide web Expert services. Prior to Amazon World wide web Providers, she held senior leadership roles at B2B and purchaser-facing corporations, together with as CFO of Adara and Walmart.com, as very well as Vice President, Fiscal Planning and Evaluation of Netflix. She retains a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technological innovation and a Master of Company Administration from the College of North Carolina at Chapel Hill.
Peloton CEO Barry McCarthy explained, “Liz is a deeply proficient finance government and will be an a must have addition to Peloton’s management crew. Possessing labored at some of the strongest and most recognizable technological know-how manufacturers, she not only delivers the abilities necessary to run our finance corporation, but she has a essential being familiar with of what it normally takes to travel expansion and operational excellence. I have noticed her intellect, qualities, and leadership firsthand and am energized to function closely with her as we execute the upcoming phase of Peloton’s journey.”
Mr. McCarthy continued, “I would like to thank Jill for four several years of dedicated service. She scaled the world-wide finance operate by means of an amazing period, led the organization by way of its IPO, and has been an integral member of the management workforce. We wish Jill perfectly in the upcoming section of her occupation and are grateful for all her contributions.”
Ahead-On the lookout Statements
This press launch includes forward-hunting statements within just the meaning of the Personal Securities Litigation Reform Act of 1995. We intend these kinds of ahead-hunting statements to be lined by the secure harbor provisions for forward-seeking statements contained in Part 27A of the Securities Act of 1933, as amended and Portion 21E of the Securities Trade Act of 1934, as amended. All statements contained in this press release other than statements of historical simple fact, like, with no limitation, statements pertaining to variations to our management workforce, our long term working final results and economic position, our profitability, our business strategy and plans, current market development, and our goals for upcoming operations, are forward-wanting statements. The phrases “think,” “might,” “will,” “estimate,” “potential,” “go on,” “foresee,” “intend,” “anticipate,” “could,” “would,” “undertaking,” “approach,” “target,” and very similar expressions are meant to recognize forward-looking statements, while not all forward-on the lookout statements use these words or expressions.
We have based mostly these ahead-searching statements on our present expectations and projections about future gatherings and traits that we believe could affect our financial condition, benefits of operations, enterprise strategy, limited-term and very long-expression enterprise operations and goals, and monetary requires. These ahead-wanting statements are matter to a number of dangers, uncertainties, and assumptions and other critical variables that could trigger genuine final results to differ materially from those people stated, like, without having limitation: our capability to obtain and maintain foreseeable future profitability our capacity to entice and manage Subscribers our means to successfully take care of our advancement our ability to accurately forecast customer desire of our products and solutions and products and services and adequately preserve our inventory our skill to execute and achieve the rewards of our restructuring initiative and other value conserving measures our capacity to anticipate shopper tastes and correctly establish and introduce new items and companies in a timely method, or effectively manage the introduction of new or enhanced solutions and companies or the way in which such products and companies are made available our potential to foresee appropriate pricing amounts for our Related Fitness Merchandise and subscriptions need for our products and expert services and growth of the connected fitness goods field our capacity to predict our extensive-term functionality and declines in our revenue advancement as our company matures the direct and oblique impacts to our company and economical functionality from the COVID-19 pandemic the effects of elevated levels of competition in our marketplaces and our ability to contend properly our reliance on and our potential to companion with 3rd parties such as music licensors, service vendors, and suppliers declines in profits of our Bike and Bicycle+ our reliance on and deficiency of regulate about third-party suppliers, deal companies and logistics partners for our Related Exercise Goods our dependence on 3rd-get together licenses for use of music in our written content actual or perceived flaws in, or security of, our products, which include any effects of product recalls or lawful or regulatory statements, proceedings or investigations involving our products our capacity to keep, shield, and boost our mental residence our ability to remain in compliance with legislation and restrictions that currently apply or turn out to be applicable to our business enterprise both equally in the United States and internationally and individuals risks and uncertainties explained in the sections titled “Management’s Dialogue and Analysis of Fiscal Ailment and Results of Functions” in Component I, Merchandise 2 and “Danger Elements” in Section II, Product 1A of our Quarterly Reports on Type 10-Q for the quarterly periods ended December 31, 2021 and March 31, 2022, as this kind of things might be updated in our filings with the Securities and Trade Fee, which are accessible on the Trader Relations web site of our website at https://investor.onepeloton.com/trader-relations and on the SEC website at www.sec.gov.
You should really not rely on ahead-wanting statements as predictions of long run functions. The activities and conditions mirrored in the forward-wanting statements may possibly not be realized or arise. Although we feel that the expectations mirrored in the forward-wanting statements are realistic, we are not able to guarantee potential outcomes, functionality, or achievements. Our forward-looking statements discuss only as of the day of this shareholder letter, and we undertake no obligation to update any of these ahead-on the lookout statements for any cause after the date of this shareholder letter or to conform these statements to true final results or revised anticipations, except as essential by regulation.
Peloton is the leading interactive conditioning platform in the globe with a loyal neighborhood of extra than 7 million Members. The organization pioneered connected, technologies-enabled fitness, and the streaming of immersive, teacher-led boutique courses for its Associates anytime, anywhere. Peloton tends to make physical fitness entertaining, approachable, helpful, and easy, whilst fostering social connections that encourage its Members to be the finest variations of them selves. An innovator at the nexus of health and fitness, know-how, and media, Peloton has reinvented the exercise business by producing a initial-of-its-form membership system that seamlessly brings together the greatest equipment, proprietary networked application, and globe-course streaming electronic health and fitness and wellness written content, creating a product that its Associates really like. Consumers can obtain the brand’s immersive content by the Peloton Bicycle, Peloton Tread, Peloton Bike+, Peloton Guidebook and Peloton App, which lets accessibility to a whole slate of fitness classes throughout disciplines, on any iOS or Android machine, Apple Television set, Hearth Television set, Roku TVs, and Chromecast and Android Tv. Companies and enterprises can entry pick Peloton products and solutions and the platform for their groups and prospects by means of Peloton Corporate Wellness or Peloton Commercial. Started in 2012 and headquartered in New York Town, Peloton has a rising number of retail showrooms across the US, United kingdom, Canada, Germany, and Australia. For far more facts, go to www.onepeloton.com.
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