Peloton loses another top executive

Peloton Interactive is set to lose another top executive after its chief people officer, Shari Eaton, announced she is leaving the company. In her statement, the outgoing CPO said she would be moving somewhere else as she looked for another opportunity.

Eaton made the announcement on Tuesday, Oct. 18, via LinkedIn's professional networking platform. With her decision, she becomes the latest executive to leave amid the series of departures while the company is undergoing big changes in an effort for business recovery.

As per CNBC, Peloton’s chief executive officer, John Foley, also vacated his board chairman post last month. At that time, he left alongside the company’s co-founder, Hisao Kushi, who is also the chief legal officer. In the last part of September, which was only several days when the two execs departed, Peloton’s head of marketing, Dara Treseder, also resigned.

Eaton’s departure also comes after Peloton carried out a series of employee layoffs and implemented many changes this year as they try to transform and boost Peloton’s growth and make it a bustling company again. At any rate, in her post on LinkedIn, Eaton expressed her gratitude to the company and her superiors and especially mentioned Barry McCarthy, the company’s current president and chief.

“Thank you Barry McCarthy for believing in me and trusting me to work alongside you during this important transformational time and I will continue to be a passionate cheerleader, member, and shareholder of this company, she wrote on LinkedIn. “I do not want my departure to call into question how much I believe in the power of this brand and the goodness it brings to seven million members worldwide.”

Shari Eaton also shared that she is excited about her next adventure and having another opportunity to continue making a positive impact. “But for now…headphones on, music up, and shoulders down, as I pedal out the last few miles. Together. We go far,” she said.

Meanwhile, Shari Eaton has been with Peloton for over three years. Before becoming the company’s CPO, she was hired to be the vice president of the human resources unit. Later she was promoted to become the senior vice president of people, safety and security officer. She was also made the global head of human resources before finally becoming the chief people officer.