PALMETTO APPOINTS LIZ CODDINGTON AS CHIEF FINANCIAL OFFICER
Rhea-AI Summary
Palmetto (NYSE:PTON) appointed Liz Coddington as Chief Financial Officer, effective March 30, 2026.
Coddington joins from Peloton, where she served four years as CFO, and brings more than 20 years of finance experience across consumer and technology companies including Amazon Web Services, Walmart.com, Adara, and Netflix. She holds degrees from MIT and UNC Chapel Hill.
Positive
- Appointed Liz Coddington as CFO effective March 30, 2026
- CFO brings more than 20 years of finance and public-company experience
- Senior finance experience includes roles at Peloton, AWS, Walmart.com, and Netflix
Negative
- None.
Market Reaction
Following this news, PTON has declined 22.84%, reflecting a significant negative market reaction. Our momentum scanner has triggered 20 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $4.56. This price movement has removed approximately $564M from the company's valuation. Trading volume is elevated at 2.9x the average, suggesting increased selling activity.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
PTON’s move contrasted with a mixed leisure peer group: PRKS, FUN, GOLF and OSW showed individual gains, while YETI was slightly negative. Only OSW appeared in momentum scans, moving 8.12% up without related news, supporting a stock-specific context for PTON around this CFO transition.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 22 | Earnings date notice | Neutral | -0.2% | Announced Q2 FY2026 earnings release and conference call timing. |
| Nov 25 | Conference participation | Neutral | -0.3% | Management fireside chat at Morgan Stanley Global Consumer & Retail Conference. |
| Nov 13 | Marketing partnership | Positive | -2.0% | Named Official Fitness Partner of F1 Heineken Las Vegas Grand Prix 2025. |
| Nov 06 | Earnings and guidance | Positive | -5.9% | Reported Q1 FY2026 results and raised full‑year adjusted EBITDA guidance. |
| Oct 23 | Earnings date notice | Neutral | +4.3% | Set date and call details for Q1 FY2026 earnings release. |
Recent history shows several positive or strategic updates (partnerships, guidance raise, conference participation) followed by flat-to-negative next-day moves, suggesting investors have often faded upbeat headlines.
Over the past few months, Peloton has focused on investor communication and selective growth initiatives. It announced Q1 FY2026 results on Nov 6, 2025, with $551M revenue, positive $14M GAAP net income, and higher full‑year adjusted EBITDA guidance, yet shares fell 5.89%. Subsequent items included earnings-date notices on Oct 23, 2025 and Jan 22, 2026, a major Formula 1 Las Vegas 2025 partnership, and a Morgan Stanley conference appearance. On Feb 5, 2026, an 8‑K disclosed CFO Liz Coddington will step down on Mar 27, 2026, aligning with today’s external appointment news.
Market Pulse Summary
The stock is dropping -22.8% following this news. A negative reaction despite neutral-to-positive framing of Liz Coddington’s next role would fit Peloton’s pattern of weak trading around otherwise constructive news. The 8‑K on Feb 5, 2026 stated her Mar 27, 2026 exit does not involve disagreements over accounting, but leadership turnover and recent insider sales may increase perceived risk until a successor CFO and updated guidance provide more clarity.
AI-generated analysis. Not financial advice.
Peloton CFO brings deep experience scaling consumer and technology-driven businesses to expand access to affordable, reliable energy
Coddington will join Palmetto at the close of her four-year tenure as Chief Financial Officer of Peloton Interactive, Inc. (NASDAQ: PTON), where she is currently leading the company's global finance organization during a pivotal period of transformation. Her appointment comes as Palmetto enters its next phase of growth and continues to scale in the clean energy market to support consumers while energy costs are rising.
"Liz is a proven financial leader with deep experience scaling complex, consumer-facing and technology-driven businesses," said Chris Kemper, Chief Executive Officer of Palmetto. "As we continue to grow and support our consumers in accessing affordable, reliable energy solutions, her strategic discipline, operational rigor, and credibility with both consumers and investors will be invaluable."
Coddington brings more than 20 years of experience across financial planning, operational finance, and public-company leadership. Prior to Peloton, she served as Vice President of Finance at Amazon Web Services and held senior finance roles at Walmart.com, Adara, and Netflix. She holds a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology and an MBA from the University of
"I'm excited to join Palmetto at such a critical moment," said Coddington. "The company is uniquely positioned at the intersection of technology, energy, and affordability for consumers and I look forward to helping to continue to build the financial foundation needed to scale responsibly and sustainably."
About Palmetto
Palmetto is a consumer energy platform dedicated to making the clean energy transition simple, accessible, and affordable for American families. Through its digital-first marketplace, Palmetto connects homeowners with vetted clean energy partners and flexible financing solutions across solar, storage, HVAC, backup power, and energy-efficient appliances. The company's mission is to enable millions of households to reduce utility costs, increase energy resilience, and achieve energy independence while supporting its Get Solar, Give Solar initiative that funds renewable energy access for underserved global communities.
Contact: press@palmetto.com
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SOURCE Palmetto
FAQ
When does Liz Coddington start as CFO of Palmetto (PTON)?
What is Liz Coddington's finance background before joining Palmetto (PTON)?
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Did Palmetto (PTON) provide financial guidance with the CFO announcement?
What qualifications does Liz Coddington bring to Palmetto (PTON)?
