Peloton CEO Says He Has No Interest in Selling the Company

Peloton Interactive Inc. Chief Executive Officer Peter Stern said he has no interest in selling the business while he works on a turnaround, vowing to keep it “a standalone company.”

Speaking at the Bloomberg Tech summit in San Francisco Thursday, Stern outlined his vision for reviving the fitness giant.

“I was not hired to sell this company,” Stern said in a conversation with Bloomberg’s Mark Gurman. “I was hired to bring this company back to growth, reinvigorate it, and that is happening.”

Stern, who previously worked at Ford Motor Co., Apple Inc. and Time Warner on their subscription ...