Peloton co-founder John Foley resigns, Karen Boone takes over as board chair

OVERSEAS AS YOU MENTIONED. WE'LL SEE IF THAT ENDS UP WORKING. THANKS A LOT. >>> BREAKING NEWS ON PELOTON BERTHA COOMBS HAS THE STORY. >> CEO BARRY McCARTHY ANNOUNCING THE COMPANY'S CO-FOUNDERS HAVE RESIGNED EXECUTIVE CHAIR JOHN FOLEY STEPPING DOWN EFFECTIVE IMMEDIATELY SIX MONTHS AFTER THE CO-FOUNDER WAS OUSTED AS CEO KAREN BOONE SUCCEEDS HIM AS CHAIR. SHE WAS THE FORMER CFO OF HR IN A STATEMENT FOLEY EXPRESSED PRIDE IN WHAT THE TEN-YEAR-OLD FIRM HAS BUILT WITHIN THE WORLD OF BUSINESS. FOR HIS NEXT CHAPTER, HE SAYS, QUOTE, I HAVE A PASSION FOR BUILDING NEW COMPANIES AND A GREAT TEAM AND I'M EXCITED TO DO THAT AGAIN IN A NEW SPACE. >>> OUT, CO-FOUNDER AND CHIEF LEGAL OFFICER KUSHI EFFECTIVE AUGUST 3rd, WHO WILL BE REPLACED BY THE FORMER UBER DEPUTY GENERAL COUNSEL. MIKE

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