Barry McCarthy is the new CEO and president of Peloton. He will serve the company as the CEO and president of the company and will oversee a vast restructuring with 2,800 employees jobs. John Foley, the former CEO of Peloton has said that he has always thought about having a better CEO for Peloton and Barry McCarthy is more perfectly suited than anyone else.
Barry McCarthy will move to New York from California. He has expertise in financial management. He takes his background in the subscription model as complementing Foley’s expertise in product and marketing. He has also said that together they can make a complete grown-up and build a really remarkable business.
Barry McCarthy has worked with companies like Netflix and Spotify. He joined Netflix investor Technology Crossover Ventures as a partner in 2011 and spent less than a year before he took the position of its executive advisor for a decade. Most recently, he joined Instacart’s board in January 2021 and remains on the board of Spotify. He also has some venture capital experience.