Peloton has scored a serious win in its recruiting efforts, hiring Liz Coddington to be the corporate’s new CFO.
Peloton has been struggling after being the darling of the pandemic bubble. As folks sheltered and quarantined at dwelling, the corporate’s fortunes skyrocketed, solely to return crashing again down as issues returned to regular. The corporate clearly hopes Coddington may help get issues again on monitor.
Coddington previously served as VP of Finance for Amazon Internet Providers. She’s going to start her job at Peloton on June 13. In accordance with a regulatory submitting, Coddington’s compensation will embrace an annual wage of $1 million, in addition to $9 million in inventory fairness. The corporate will even present $150,000 for relocation.
Coddington served as VP at Amazon since January 2021, and labored on the firm for a complete of six years. Previous to that, she held senior management roles at Adara, Walmart, and Netflix.
“Liz is a deeply proficient finance govt and can be a useful addition to Peloton’s management workforce,” mentioned Peloton CEO Barry McCarthy. “Having labored at a number of the strongest and most recognizable expertise manufacturers, she not solely brings the experience wanted to run our finance group, however she has a essential understanding of what it takes to drive progress and operational excellence. I’ve seen her mind, skills, and management firsthand and am excited to work carefully together with her as we execute the following section of Peloton’s journey.”