Peloton’s Last Remaining Co-Founder Is Leaving

  • Tom Cortese to leave, saying it’s time for ‘new perspectives’
  • Peloton taps Nick Caldwell as latest hire from pre-X Twitter

Tom Cortese.

Photographer: Diarmuid Greene/Sportsfile/Getty Images

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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.”