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- Departure of CFO (new) — CFO Liz Coddington is departing the company to pursue an external opportunity.
Peloton CFO Liz Coddington departing; Chief Accounting Officer named interim replacement
Filed March 11, 2026 · Period ending March 6, 2026 · ~1 min read
Key Changes
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CFO Liz Coddington is leaving Peloton effective March 27, 2026, to pursue an external opportunity, marking the departure of a key financial executive during the company's ongoing turnaround efforts.
Item 5.02 verify on EDGAR → -
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Chief Accounting Officer Saqib Baig will serve as interim CFO starting March 27, 2026, while the company searches for a permanent replacement. The interim designation signals leadership transition uncertainty.
Item 5.02 verify on EDGAR → -
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Baig has been Peloton's Chief Accounting Officer since November 2022, overseeing financial reporting and SOX compliance, and has served as CFO of the Commercial Business Unit since August 2025.
Item 5.02 verify on EDGAR →
Summary
Peloton announced that CFO Liz Coddington will step down on March 27, 2026, to pursue an external opportunity. The departure of a chief financial officer is always significant for investors, particularly for a company like Peloton that has been navigating a challenging turnaround after pandemic-era growth stalled.
Chief Accounting Officer Saqib Baig will step into the interim CFO role while the company conducts a search for a permanent replacement. Baig brings relevant experience, having overseen Peloton's financial reporting, controllership, and SOX compliance since 2022, and serving as CFO of the Commercial Business Unit since August 2025. His prior role as Controller at Meta Platforms adds credibility.
However, the interim designation creates uncertainty about financial leadership continuity during a critical period. Investors should watch for announcements about the permanent CFO search and monitor upcoming earnings calls for any changes in financial strategy or guidance. The quality and timing of the permanent CFO hire will signal management's ability to maintain stability during this transition.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
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.
Saqib Baig brings 25 years of finance experience, including roles at Meta Platforms and oversight of Peloton's accounting, financial reporting, and SOX compliance functions. He has also served as CFO of Peloton's Commercial Business Unit since August 2025, providing relevant CFO-level experience.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify