Peloton has named former Microsoft veteran Betsy Webb, who joined the fitness company last summer, to head its Washington-based subsidiary Precor, part of Peloton Commercial. She replaces Rob Barker, who left the company last week after 27 years. He is reportedly focusing on his investment business and moving to Europe to invest in Trib3, a U.K.-based franchisor of boutique fitness studios.
Peloton acquired Precor from Amer Sports in early 2021 for $420 million. Over the course of Peloton’s mixed start to the year, the workforce merry-go-round has already taken a few turns, as previously reported. The New York City-based company recently reported a net loss of $439.4 million and announced plans to lay off 2,800 employees. Founder and CEO John Foley resigned and was replaced by former Netflix and Spotify CFO Barry McCarthy. The new CEO has dismissed rumors of a possible sale of Peloton amid its current somewhat bumpy ride.
