Peloton has appointed Peter Stern, a Ford executive and cofounder of Apple Fitness+, as its new CEO, effective January 1. Stern, who has been a Peloton member since 2016, brings extensive experience in subscription services and product innovation, aiming to enhance the company's high-margin recurring revenue model. Interim co-CEO Karen Boone will remain until year-end, while Chris Bruzzo steps down from his role.
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