Peloton Co-founders John Foley and Hisao Kushi resign

Fitness-equipment company Peloton announced on Monday the resignations of two of its founders. The company said Co-founder and former CEO John Foley resigned from his position as Executive Chairman of the Board effective Monday, while fellow Co-founder Hisao Kushi will leave his post as the company's Chief Legal Officer on October 3. Foley had stepped down as CEO in February.