Peloton Appoints Saqib Baig as Interim Chief Financial Officer

Peloton has named Saqib Baig as interim Chief Financial Officer, effective March 27th.

Baig will step into the role when current CFO Liz Coddington departs the company on the same date to become CFO of Palmetto, a clean energy platform.

Baig 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 broad visibility into the company’s finances.

Before joining Peloton, Baig spent over three years at Meta Platforms as Controller of Accounting Risk, Valuation, and Financial Reporting from July 2019 to November 2022. He brings more than 25 years of global finance and leadership experience.

Baig was named as interim CFO, rather than permanent CFO, indicating that a search for a permanent replacement is still ongoing.

When Coddington’s departure was first announced alongside the Q2 FY2026 earnings release last month, CEO Peter Stern said the company had initiated a search for her successor.

Liz Coddington had been CFO at Peloton since 2022, overseeing the finances at the company through years of restructuring and layoffs in a plan to return Peloton back to profitability.

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