Peloton CEO John Foley Apologizes for Not Working with Safety Commission Sooner After Company Issues Recall of Tread and Tread+ Treadmills

New York-based Peloton Interactive Inc., best known for its stationary bikes, has agreed to recall about 125,000 of its Tread and Tread+ treadmills and to stop selling the treadmill after one 6-year-old reportedly died after being pulled under the treadmill and several others suffered broken bones and cuts after being pulled from under the machine.

Peloton’s CEO John Foley again apologized for not looking into the matter sooner, and the safety commission concluded that the band and the machine’s height off the floor made it more dangerous.

Peloton expects to lose an estimated $165 million from the recall.

–Ella Breedlove