Peloton (PTON) Announces Appointment of New Directors to the Board
Peloton Interactive, Inc. (NASDAQ: PTON) today announced the appointment of two new directors to its Board: Angel L. Mendez, a proven supply chain leader at the intersection of software, technology, and industrial operations; and Jonathan Mildenhall, a globally recognized creative leader in marketing and advertising. Erik Blachford, who has served as a director since 2015, will step down from his role on the Board.
In addition, Barry McCarthy, Peloton's newly named CEO and President, will join the Board as a director, and John Foley has been named Executive Chair.
With these changes, Peloton's Board will comprise nine directors, four of whom will have been appointed in the past three years. Nearly half of Peloton's Board seats will now be held by members of diverse communities: female, of color, and/or LGBTQIA+.
John Foley, Co-Founder of Peloton and Executive Chair, said, "We are pleased to welcome Barry, Angel and Jonathan as new directors to the Peloton Board at this important time. We are confident they will provide valuable perspectives as we continue to execute our strategy, drive profitability, and enhance value for all Peloton shareholders."
Pamela Thomas-Graham, Chair of the Nominating, Governance and Corporate Responsibility Committee, said, "These appointments are the culmination of a robust search process that began several months ago. As Peloton continues to evolve, we are committed to regularly evaluating our Board's composition to ensure we have the right mix of skills and experience to advance our goals and reflect the diverse views of Peloton's shareholders, team, and community of more than 6.6 million Members."
Foley concluded, "On behalf of the entire Board, I thank Erik for his valuable perspective and incredible commitment to Peloton over the past nearly seven years. His numerous contributions and thoughtful insights have been invaluable, and we are grateful for everything he has done for Peloton."
Additional information regarding McCarthy's appointment as Peloton's new CEO and President can be found in a separate press release issued today.