Peloton Appoints Dustin Grosz as Chief Executive Officer of Precor

NEW YORK, 14 February – Peloton (NASDAQ: PTON), the leading connected fitness platform, announced today its Board of Directors (“Board”) has appointed Dustin Grosz as Chief Executive Officer of Precor, a wholly-owned subsidiary of Peloton, effective immediately. Grosz has served as Interim Chief Executive Officer since December 12, 2022. Grosz brings more than 30 years of experience in the fitness industry. He will report to Dion Camp Sanders, Chief Emerging Business Officer of Peloton. 

“Dustin’s appointment as CEO marks an important milestone signaling the next chapter for Precor. He has a proven track record leading companies through transformational growth, and a deep knowledge of the fitness and wellness industry. As interim CEO, Dustin has already had a positive impact on the organization bringing to bear his strong experience in global supply chain and distribution, manufacturing, and sourcing strategies,” said Sanders, Chief Emerging Business Officer of Peloton. “Dustin’s immediate focus will be to return Precor to a position where it generates positive free cash flow.” 

Grosz previously served as president and COO of Core Health & Fitness where he led the restructuring of a $180 million business. From 2011 to 2019, Grosz also served as president and COO of Star Trac.Prior, he was president and CEO of StairMaster where he transformed an underperforming product line in the first year of management. He  has also held several positions at Nautilus Inc. 

Frank O’Rourke has also joined Precor as senior vice president of global sales. Based in the United States, O’Rourke will report directly to Grosz and will oversee Precor’s global sales and go-to-market strategy to transform and grow the company’s sales and distribution relationships across multiple geographies. O’Rourke brings more than 30 years of experience in the fitness industry and has held several senior leadership and sales management positions at Core Health & Fitness and Nautilus, Inc.

About Precor Precor, a wholly owned subsidiary ofPeloton and headquartered in Greater Seattle, WA, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA, and APAC. Precor products and services span across all major categories, including cardio, strength, functional fitness, group training, and connected solutions. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-family Housing, Corporate, and Education. For more information, visit www.Precor.com.

About Peloton Peloton (NASDAQ: PTON) is the leading connected fitness platform with a highly engaged community of nearly 7 million Members worldwide. A category innovator at the nexus of fitness, technology, and media, Peloton's first-of-its-kind subscription platform seamlessly combines innovative hardware, distinctive software, and exclusive content. Its world-renowned instructors, coach and motivate Members to be the best version of themselves anytime, anywhere. Founded in 2012 and headquartered in New York City, Peloton continues to scale across the US, UK, Canada, Germany, and Australia. For more information, visit www.onepeloton.com.

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