Peloton Interim CFO Named: Trusted Insider Saqib Baig Takes the Role as Liz Coddington Departs

Saqib Baig Named as Peloton Interim CFO as Liz Coddington Departure Approaches

Saqib Baig has been named the Peloton interim CFO, effective March 27, 2026. The appointment bridges the gap between the planned departure of Liz Coddington and the conclusion of the company’s ongoing permanent CFO search.

Why Peloton Needed an Interim CFO

Peloton announced in February 2026 that Coddington would step down as CFO, effective March 27, to pursue an external opportunity. Coddington joined Peloton in June 2022 during a turbulent stretch for the company, guiding its finances through multiple rounds of restructuring, significant cost reduction, and a sustained push toward profitability. For full coverage of that announcement and the earnings context around it, see TCO’s: 451: Peloton Reports Another Tough Quarter, Emphasizes Long-Term Strategy.

CEO Peter Stern credited her with leaving Peloton in stronger financial shape. In the official announcement, Stern said she had played a vital role in the company’s transformation, that her work had helped Peloton build a better balance sheet and renewed sense of financial discipline, and that she had helped clear the path to move from connected fitness toward connected wellness. With no permanent successor named ahead of her exit, Peloton turned to Baig to maintain continuity in the finance function.

Who Is Saqib Baig

Baig, 48, has served as Peloton’s Chief Accounting Officer since November 2022, overseeing controllership, financial reporting, SOX compliance, finance operations, and finance technology. Since August 2025, he has also served as CFO of Peloton’s Commercial Business Unit, giving him direct experience across multiple parts of the company’s financial operation.

Before joining Peloton, Baig spent more than three years at Meta Platforms as Controller of Accounting Risk, Valuation, and Financial Reporting. He brings more than 25 years of global finance and leadership experience to the interim role. His depth inside Peloton’s finance function makes him a practical choice to hold the seat while the permanent CFO search plays out.

The Context Around the Peloton Interim CFO Transition

The Peloton interim CFO transition lands at a consequential moment for the company. The company reported fiscal second quarter 2026 revenue of $657 million, a 3% decline year over year that came in below its own guidance range, driven primarily by lower-than-expected connected fitness product sales. Peloton has also lowered its revenue outlook for the current quarter, and its stock has been under sustained pressure.

Against that backdrop, the permanent CFO appointment carries real strategic weight. The incoming finance chief will have a direct hand in shaping how Peloton balances cost discipline, product investment, and its shift from connected fitness toward connected wellness. Peloton has not announced a timeline for naming a permanent CFO. For now, Baig holds the seat while that search continues.

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