Peloton appoints CFO. May 26, 2026 Peloton Interactive, Inc. appointed Siddharth ("Sid") Thacker, formerly at Rent the Runway, as the company's chief financial officer, effective June 22. Thacker was CFO at Rent the Runway for three years. Peloton said that at Rent the Runway, Thacker "led a significant financial and operational transformation that reset the company's balance sheet and drove a return to top-line revenue and subscriber growth. He accomplished these results with a customer-first mindset and through deep cross-functional partnership, engineering a shift to a more capital-efficient inventory model, optimizing marketing spend and scaling revenue streams, including resale and advertising." Before becoming CFO, Thacker was SVP finance and head of data science at Rent the Runway. Earlier in his career, he spent roughly two decades as a public-market investor managing consumer, financial, and technology-focused investment portfolios. At Peloton, Thacker will oversee Peloton's global finance organization as well as corporate strategy. "This is a pivotal time for Peloton as we are now operating from a place of strategic optionality and playing offense. Sid brings the financial acumen, forward-looking strategy, and deep consumer focus we need to drive our next chapter," said Peter Stern, CEO and President, Peloton. "He knows how to grow a business with multiple revenue streams, and he brings the financial discipline to make sure we do it right. Plus, his background as an investor gives us a unique edge as we look to accelerate innovation and grow our impact." "Having spent decades looking at businesses as a finance leader and as an investor, I'm excited by Peloton's many strategic assets, from its iconic brand and unmatched instructors to its deeply loyal global community," said incoming CFO Sid Thacker. "I look forward to working with the entire Peloton team to build on the current momentum and discipline, sharpen execution, and usher in a new chapter of profitable growth." Thacker will report to CEO Peter Stern and will be based at the company's New York headquarters. He succeeds interim Chief Financial Officer Saqib Baig, who will remain the company's chief accounting officer. Baig took on the interim CFO role on March 16 after Liz Coddington stepped down to become CFO of energy firm Palmetto. Images courtesy Peloton

Rent the Runway plans to enhance its product discovery experience through AI-powered features rolling out in coming quarters. The company will present curated outfits on individual product pages, add options to view items on different models and sizes, and introduce conversational search allowing specific queries like "dress for destination wedding in Italy." The fashion rental company has been pursuing a CX-focused turnaround, improving personalisation and inventory whilst restructuring customer service. A new search algorithm introduced in February increased subscription conversion rates by approximately 10%. Active subscribers grew 20% year over year to 143,800 in Q4 2025, whilst revenue rose 20% to $91.7 million. However, the company remains unprofitable, with free cash flow declining to negative $46 million for fiscal year 2025 due to inventory investments.