Management ChangeMay 26, 2026, 09:07 AM
Peloton Appoints Sid Thacker as CFO, Effective June 22
AI Summary
Peloton Interactive, Inc. announced the appointment of Siddharth ("Sid") Thacker as its new Chief Financial Officer, effective June 22, 2026. Mr. Thacker brings extensive experience, having previously served as CFO of Rent the Runway, Inc. and held various investment and finance leadership roles. He will oversee Peloton's global finance organization and corporate strategy, aiming to maintain disciplined financial approaches and drive profitable growth. Interim CFO Saqib Baig will transition to Chief Accounting Officer.
Key Highlights
- Peloton appointed Siddharth Thacker as Chief Financial Officer, effective June 22, 2026.
- Mr. Thacker previously served as CFO of Rent the Runway, Inc. from May 2023 to June 2026.
- His annual base salary is set at $635,000.
- He is eligible for an annual cash bonus equal to 60% of his base salary.
- Equity awards initially valued at $8,000,000 will be granted, subject to board approval.
- These equity awards include $5,250,000 in time-based RSUs, $500,000 in time-based RSUs, and $2,250,000 in performance-based RSUs.
- Saqib Baig will step down as Interim CFO and remain Chief Accounting Officer, effective June 22, 2026.
Price Impact
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