Peloton co-founders John Foley and Hisao Kushi step down; Karen Boone named Chair, Tammy Albarrán appointed CLO

PELOTON INTERACTIVE, INC.

John Foley resigns as Executive Chair and Board member effective Sept 12, 2022; receives modified severance including option extension to June 2025.
Hisao Kushi steps down as Chief Legal Officer effective Oct 3, 2022; receives standard non-change-in-control severance.
Karen Boone elected Chairperson of the Board; previously Lead Independent Director and Audit Committee Chair.
Tammy Albarrán appointed Chief Legal Officer and Corporate Secretary effective Oct 3, 2022; most recently VP, Chief Deputy GC at Uber.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Hisao Kushi

Chief Legal Officer

PTON · PELOTON INTERACTIVE, INC.

Effective: 2022-10-03
Filed: September 12, 2022, 7:59 PM ET

On September 8, 2022, Peloton Interactive, Inc. (the “Company”) and Hisao Kushi agreed that Mr. Kushi would step down from his position as Chief Legal Officer of the Company, effective October 3, 2022.

Departed

John Foley

Executive Chair

PTON · PELOTON INTERACTIVE, INC.

Effective: 2022-09-12
Filed: September 12, 2022, 7:59 PM ET

On September 12, 2022, the Company and John Foley agreed that Mr. Foley would step down from his position as Executive Chair and no longer serve as a member of the Board of Directors of the Company (the “Board”), effective September 12, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Hisao Kushi departed as Chief Legal Officer at PELOTON INTERACTIVE, INC..

Action: stepped down
Role: Chief Legal Officer

Exact text from the filing

On September 8, 2022, Peloton Interactive, Inc. (the “Company”) and Hisao Kushi agreed that Mr. Kushi would step down from his position as Chief Legal Officer of the Company, effective October 3, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Foley departed as Executive Chair at PELOTON INTERACTIVE, INC..

Action: stepped down
Role: Executive Chair

Exact text from the filing

On September 12, 2022, the Company and John Foley agreed that Mr. Foley would step down from his position as Executive Chair and no longer serve as a member of the Board of Directors of the Company (the “Board”), effective September 12, 2022.

View on SEC.gov

PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-242932

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