Peloton’s Top Human Resources Executive is Leaving – what this means for the Company

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Shari Eaton, Peloton’s Chief People Officer, is leaving the firm.

The move follows the resignation of many executives in September, including former CEO John Foley.

Eaton commended and applauded Peloton’s founders, as well as its current CEO, Barry McCarthy, in a LinkedIn post.

Shari Eaton, Peloton’s Chief People Officer, announced her departure from the firm in a LinkedIn post on Tuesday.

Eaton’s resignation is the latest in a string of managerial moves at Peloton. Former CEO John Foley stepped down from his board chair post in mid-September, along with fellow co-founder and Chief Legal Officer Hisao Kushi. Dara Treseder, the company’s head of marketing, quit later in the month.

The move also follows many rounds of layoffs and other reorganisations this year as the firm strives to regain momentum. In her LinkedIn article, Eaton commended Peloton and its executives.

Eaton commended Foley and Kushi, as well as the company’s new leadership, for their assistance in transforming the business in response to a reduction in consumer demand.

Thank you, Barry McCarthy, for believing in me and trusting me to work with you during this critical transitional period,” Eaton said on LinkedIn.

Eaton had worked for Amazon for more than three years before joining Peloton as a vice president in the human resources section only months before the company’s epidemic surge. She moved through the ranks to become senior vice president of people, chief safety and security officer, and global head of people.

When McCarthy became CEO, he promoted Eaton to chief people officer during a period of huge layoffs and staff changes for the firm. Despite her extended career, the CEO affectionately refers to Eaton as his “first hire.”

Eaton told CNBC that she is leaving Peloton to seek a new opportunity.

It seemed like the appropriate moment. The phone rang, and the appropriate item appeared. “It’s time to start a new chapter,” Eaton remarked over the phone Tuesday. “That is not to say I am not confident in the brand.”

Peloton shares remained almost unchanged on Tuesday. Earlier this morning, the firm stated that it was extending the return period for its recalled Tread+ device, which was the cause of hundreds of injuries and one fatality last year.

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