Peloton CFO Named: Sid Thacker Takes Role June 22

Peloton has a permanent CFO. On May 26, 2026, the company announced that Siddharth “Sid” Thacker will take over as Peloton CFO effective June 22, 2026, filling a seat that has been held on an interim basis since March.

Sid Thacker’s Background

Thacker comes to Peloton from Rent the Runway, where he served as CFO for three years. During that tenure, he led a financial and operational turnaround that reset the company’s balance sheet and returned it to revenue and subscriber growth. That track record is central to why Peloton pursued him.

Sid Thacker, Peloton CFO

Before his time at Rent the Runway, Thacker spent roughly two decades as a public market investor. He served as an Investment Partner at Coalition Investment Partners, founded and led Signpost Capital Advisors, and held leadership roles at SAR Capital Advisors. He holds a B.A. from Oberlin College and an M.B.A. from Harvard Business School.

At Peloton, Thacker will oversee the global finance organization and corporate strategy, reporting directly to CEO and President Peter Stern. He will be based at the company’s New York headquarters.

What Stern Said About the Peloton CFO Hire

Stern framed the appointment around Peloton’s current strategic position. “This is a pivotal time for Peloton as we are now operating from a place of strategic optionality and playing offense,” Stern said in the announcement. He pointed specifically to Thacker’s investor background as an edge, adding that Thacker “knows how to grow a business with multiple revenue streams” and brings the financial discipline to do it responsibly.

Thacker’s own statement reflected that framing. Having spent decades evaluating businesses as both a finance leader and investor, he said he sees Peloton as a platform with real scale potential and he is looking forward to helping the company capitalize on it.

Compensation and SEC Filing Details

Per an SEC filing tied to the appointment, Thacker’s offer letter is dated May 21, 2026. His compensation package includes a $635,000 annual base salary, an annual cash bonus targeted at 60% of base salary, and initial equity awards valued at $8 million. That equity breaks down into $5.25 million in time-based restricted stock units, $500,000 in additional time-based restricted stock units, and $2.25 million in performance-based restricted stock units, subject to board approval.

Saqib Baig Returns to Chief Accounting Officer

Thacker succeeds interim CFO Saqib Baig, who has held the role since March 27, 2026, following the departure of Liz Coddington. Baig stepped in when Coddington left to pursue an opportunity outside the industry. With Thacker’s appointment confirmed, Baig returns full-time to his role as Chief Accounting Officer, a position he has held since November 2022.

The Bigger Picture for Peloton

The Peloton CFO search closed at a notable moment for the company. Peloton recently reached break-even profitability and recorded its first quarter of revenue grlly different position than where it stood two years ago.

Thacker’s background in turnaround finance and public market investing positions him to support that momentum. Whether the goal is managing multiple revenue streams more efficiently or evaluating where to allocate capital as strategic options expand, his experience maps directly to what Peloton says it needs right now.

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