Peloton’s last remaining co-founder, Tom Cortese, is stepping down from his role as the fitness company’s chief product officer. Taking his place is Nick Caldwell, the former General Manager at Twitter.
Peloton
Peloton, founded in 2012 and headquartered in New York City, has almost seven million global members and showrooms in several countries.
The company offers at-home gym equipment, an exercise app, and live-streamed workout videos that customers can access through screens on Peloton products.
Peloton also provides members with expert instruction and immersive, personalized workout experiences through its technology and hardware.
According to a press release, Cortese helped push Peloton into new areas of fitness and innovation and will move into an advisory role with the company from November 1, 2023. He is the last remaining co-founder at the company.
“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,” said Cortese.
“I’m eager for new growth for Peloton and for me personally, but I’m also excited to support and watch this next phase of Peloton’s evolution. I could not be more proud of what we have accomplished, together.”
Nick Caldwell’s Addition
Caldwell has over 20 years of experience in the tech industry and has a track record of building and scaling innovative products and solutions for users and customers.
He was previously General Manager at Twitter and led its product and engineering teams for two years.
Before Twitter, Caldwell was the VP of Engineering at Reddit, where he took the company through hyper-scale, growing the engineering team from 35 to over 250.
He also increased monthly active users from 250 million to over 500 million.
He also serves as a board member and investor for HubSport and Bitly, two leading companies in digital marketing and connections.
As Peloton’s chief product officer, Cadwell will report to CEO Barry McCarthy and global product development.
“I am pleased to welcome Nick Caldwell as our new CPO. Nick brings impressive engineering, design and product experience to the Peloton team,” said McCarthy in the press release.
“Nick joins us at an exciting time as we lean into growing our subscriber base online and on our connected fitness hardware.”
According to Bloomberg, Cadwell is at least the third former Twitter executive to make the move to Peloton in recent years.
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