KEY POINTS
  • Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company after nearly 12 years.
  • He'll be replaced by Silicon Valley veteran Nick Caldwell, who previously held positions at Twitter, Google and Microsoft.
  • "After nearly 12 years of pouring myself into Peloton and serving our Members, I have decided it is time to move on and create space for new perspectives," Cortese said in a news release.

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People walk past a Peloton store in Coral Gables, Florida, on Jan. 20, 2022.

Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company and will be replaced by longtime Silicon Valley veteran Nick Caldwell, the company announced Tuesday. 

Cortese, who helped found the connected fitness company alongside former CEO John Foley in 2012, will move into an advisory role beginning Nov. 1, the company said. 

In this article