Peloton CFO is replaced by Amazon executive Liz Coddington

7th June 2022

Peloton chief financial officer (CFO) Jill Woodworth has left the company, marking the latest high-profile departure from the fitness tech brand.

Amazon Web Services (AWS) executive Liz Coddington will take over from Woodworth as the company aims to turn around its fortunes under the helm of Barry McCarthy.

Since his appointment in February, McCarthy has tried to steer the company on a new path which focusses on a new subscription model for Peloton users, making the brand more accessible.

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“Liz is a deeply talented finance executive and will be an invaluable addition to Peloton’s leadership team,” McCarthy said in a release.

“Having worked at some of the strongest and most recognizable technology brands, she not only brings the expertise needed to run our finance organization, but she has a critical understanding of what it takes to drive growth and operational excellence.

“I have seen her intellect, abilities, and leadership firsthand and am excited to work closely with her as we execute the next phase of Peloton’s journey.”

Coddington has previously worked at Walmart.com and Netflix, McCarthy’s old company.

Woodworth had been at Peloton since 2018 and will continue to serve the company as a consultant on an interim basis, despite her stepping down as CFO.

In May, Peloton signed a binding commitment letter with JPMorgan and Goldman Sachs to borrow $750 million in five-year term debt in an effort to help return to profit.