Those on Wall Street clamoring for beat-up Peloton to be sold to Apple, Amazon, Nike or anyone else with deep pockets may want to get reacclimatized with one stumbling block to any deal — Peloton’s cushy board of directors.
As part of the leadership shake-up announced by Peloton on Tuesday, now former CEO and founder John Foley will assume the role of executive chairman (he was already a board member). Outgoing Peloton president William Lynch will stay on the board as well.
Joining them on the board will be new CEO Barry McCarthy and two hand-picked Foley guys: Angel Mendez and Jonathan Mildenhall. Leaving the board will be Foley’s friend Erik Blachford.
The board construction still appears to be cushy and pro Foley, as seen by the graphic in a new 65-page presentation by Peloton activist investor Blackwells (below).
Considering this board…
