Peloton Interactive, Inc. announced that CFO Liz Coddington will leave the company to pursue an opportunity outside the industry. She is expected to stay through March, and Peloton has begun a comprehensive search for her successor.

“Liz has been instrumental in Peloton’s ongoing transformation,” said Peter Stern, President & CEO of Peloton Interactive. “I thank her for her partnership, dedication, and tireless efforts in driving our financial turnaround. As she moves on, she leaves us with a stronger balance sheet and renewed financial discipline, paving the way to expand beyond connected fitness into connected wellness.”

Coddington stated, “I’m proud of what we’ve achieved over the past four years—improving our financial position, establishing a winning strategy, and positioning the business for future success. I’m confident Peloton’s best days lie ahead and look forward to seeing the company reach its full potential under Peter’s leadership.”