Peloton appoints new CEO: A former Ford executive takes the helm

Peloton Interactive, known as a pioneer in the field of home fitness equipment, has made headlines with the appointment of Peter Stern, a former executive at Ford. Starting January 2025, Stern will assume the position of CEO at Peloton. In his previous role as President of Ford Integrated Services, he was able to gain valuable leadership experience since joining in 2023. Peloton shares are already showing a significant increase before the market opens, following the company's announcement of positive revenue figures for the first quarter of fiscal 2025. These exceeded forecasts; however, the outlook for the second quarter signaled more caution, which slightly disappointed investors. Julie Hyman and Brad Smith from Morning Brief analyzed the latest developments and key metrics of Peloton's current results, providing deeper insights into the market reactions.