Peloton's new CEO has a chance to turn things around. Here's what he needs to do.

Peloton announced that Ford executive Peter Stern will join the company as its new CEO.The fitness company is betting Stern can help turn things around.He's expected to focus on trimming spending and retaining current Peloton subscribers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...