Tom Cortese, co-founder and chief product officer of Peloton, is leaving his role. In a press release shared on TuesdayPeloton says it will replace Cortese with former Twitter executive Nick Caldwell.
“After nearly 12 years of dedicating myself to Peloton and serving our members, I have decided it is time to move on and create space for new perspectives,” says Cortese. “I’m looking forward to new growth for Peloton and for me personally, but I’m also excited to support and watch this next phase of Peloton’s evolution.”
Cortese will not leave the company completely. Peloton says he will take on an advisory role on November 1 to “support his vision and growth.” Cortese has played a key role at Peloton, where he led the development of the company’s new fitness equipment, such as its rower.
Meanwhile, Caldwell previously held several positions at major technology companies. After a 15-year career at Microsoft, Caldwell served as vice president of engineering at Reddit from 2016 to 2018 and then worked at Google as senior director of product and engineering. Most recently, he worked at Twitter as vice president of engineering and general manager from June 2020 to November 2022.
