Peloton has a new Chief Financial Officer. The company announced on Tuesday, May 26, 2026 that it has appointed Siddharth “Sid” Thacker as CFO, effective June 22, 2026. Thacker will oversee Peloton’s global finance organization as well as corporate strategy, reporting to CEO Peter Stern and based at the company’s New York headquarters.
Thacker joins Peloton from Rent the Runway, where he served as CFO from May 2023 to June 2026. The press release credits him with leading a financial and operational turnaround there that reset the company’s balance sheet and returned it to revenue and subscriber growth, including a shift to a more capital-efficient inventory model and the scaling of newer revenue streams like resale and advertising.
Before becoming CFO at Rent the Runway, he served as the company’s SVP of Financial Planning & Analysis. Prior to that, he spent years as an investor, including as an Investment Partner at Coalition Investment Partners and in leadership roles at the investment advisory firms SAR Capital Advisors and Signpost Capital Advisors. He holds a B.A. from Oberlin College and an M.B.A. from Harvard Business School.
Thacker fills the CFO seat that has been open since Liz Coddington announced her departure back in February. In the interim, Saqib Baig had been serving as the company’s interim CFO. With Thacker stepping into the permanent role, Baig will remain Peloton’s Chief Accounting Officer.
Per an SEC filing, Thacker’s compensation package includes a $635,000 annual base salary, an annual cash bonus targeted at 60% of his base salary, and initial equity awards valued at $8,000,000.
In the announcement, CEO Peter Stern framed the hire around Peloton’s current strategy, saying the company is “operating from a place of strategic optionality and playing offense” and pointing to Thacker’s investor background as an edge. For his part, Thacker said he looks forward to helping “build on the current momentum and discipline, sharpen execution, and usher in a new chapter of profitable growth.”
The appointment comes as Peloton continues to work toward sustainable, profitable revenue growth. You can read the full announcement in Peloton’s press release.
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