Peloton Chief People Officer Shari Eaton leaving company

Peloton‘s Chief People Officer Shari Eaton is leaving the company for another opportunity, she announced in a LinkedIn post Tuesday.

Eaton’s departure is the latest in a series of executive changes at Peloton. Former CEO John Foley left his board chair position alongside fellow co-founder and Chief Legal Officer Hisao Kushi in mid-September. Head of marketing Dara Treseder left later in the month.

The move also comes after several rounds of layoffs and other shakeups this year as the company seeks a return to growth. Eaton praised Peloton and its leaders in her LinkedIn post.

Eaton thanked Foley and Kushi, as well as the company’s new leadership as it transforms the business to counter a drop in customer demand.

“Thank you Barry McCarthy for believing in me and trusting me to work alongside you during this important transformational time,” Eaton wrote on LinkedIn.

Previously at Amazon, Eaton was at Peloton for more than three years, joining as a vice president in the human resources division just months before the company’s pandemic boom. She rose to become senior vice president of people, safety and security officer, and then global head of people.

McCarthy elevated Eaton to chief people officer when he became CEO, which was a time of mass layoffs and personnel changes for the company. Despite her longer tenure, the CEO refers to Eaton fondly as his “first hire.”

Eaton told CNBC that she is departing Peloton to pursue a new endeavor.

“It felt like the right time. The phone rang, the right thing came along. It’s time to turn over a new chapter,” Eaton said in a phone interview Tuesday. “In no way does that mean I’m not bullish on the brand.”

Shares of Peloton were effectively flat Tuesday. The company announced earlier in the morning that it was extending the refund period for its recalled Tread+ product following dozens of injuries and a death last year.