Peloton Interactive Inc.’s Tom Cortese, its chief product officer and last remaining co-founder, is leaving the fitness company and passing the job to technology industry veteran Nick Caldwell.
Cortese, who was a key lieutenant to Peloton’s current chief executive officer and his predecessor, will remain an adviser after stepping down Nov. 1. He said in a statement that “it is time to move on and create space for new perspectives.”
Caldwell, Cortese’s replacement, is at least the third former Twitter executive to join Peloton in recent years. He was previously the general manager of core technologies at the social media firm, and served as an executive at Reddit, Alphabet Inc.’s Google and Microsoft Corp. before that.
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