Tom Cortese, Peloton co-founder and chief product officer, is stepping down from his position. In a press release shared on Tuesday, Peloton says it would exchange Cortese with former Twitter govt Nick Caldwell.
“After practically 12 years of pouring myself into Peloton and serving our Members, I’ve determined it’s time to transfer on and create area for brand new views,” Cortese says. “I’m keen for brand new development for Peloton and for me personally, however I’m additionally excited to help and watch this subsequent part of Peloton’s evolution.”
Cortese isn’t leaving the corporate utterly. Peloton says he’ll enter an advisory position on November 1st to “help its imaginative and prescient and development.” Cortese has held a pivotal position at Peloton, the place he led the corporate’s improvement of recent health tools, such as its rower.
In the meantime, Caldwell beforehand held a number of roles at main tech firms. After a 15-year profession at Microsoft, Caldwell served because the vice chairman of engineering at Reddit from 2016 to 2018 and later labored at Google because the senior director of product and engineering. Extra lately, he labored at Twitter because the vice chairman of engineering and basic supervisor from June 2020 to November 2022.