Peloton Interactive Inc. is set to face calls from an activist investor to fire its chief executive officer and pursue a sale, according to a person with knowledge of the matter.
Blackwells Capital LLC, which has a stake of less than 5%, is preparing to push Peloton to fire CEO and co-founder John Foley, the person said, asking not to be identified as the information is private. The investor also wants Peloton to explore a sale of the business, which could be an attractive acquisition target for larger technology or fitness firms, the person said.
A representative for ...
