Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Interim CFO
On March 11, 2026, Peloton Interactive, Inc. (the "Company") announced the appointment of Saqib Baig, the Company's Chief Accounting Officer, as interim Chief Financial Officer ("Interim CFO") effective March 27, 2026. As previously disclosed, Liz Coddington will step down from her position as Chief Financial Officer, effective March 27, 2026, to pursue an external opportunity.
Mr. Baig, age 48, has served as the Company's Chief Accounting Officer since November 2022, and oversees the Company's controllership, financial reporting, SOX compliance, finance operations, and finance technology functions. Since August 2025, he has also served as the Chief Financial Officer of the Company's Commercial Business Unit. Prior to joining Peloton, Mr. Baig most recently served as Controller of Accounting Risk, Valuation, and Financial Reporting at Meta Platforms, Inc., from July 2019 to November 2022. Mr. Baig brings more than 25 years of global finance and leadership experience.
Other than as described above, there are no arrangements or understandings between Mr. Baig and any other person pursuant to which Mr. Baig was appointed as Interim CFO of the Company. Mr. Baig does not have a family relationship with any director or executive officer of the Company (or any person nominated or chosen by the Company to become a director or executive officer of the Company) or a direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.