Feb 8 (Reuters) - Peloton Interactive Inc plans to replace its chief executive officer, cut costs and overhaul its board, the Wall Street Journal reported on Tuesday.

Co-founder John Foley is stepping down as CEO and will become executive chair, according to the report.

Barry McCarthy, the former chief financial officer of Spotify Technology SA and Netflix Inc, will become CEO and president of Peloton, the report added.

Peloton did not immediately respond to a Reuters request for comment. (Reporting by Akriti Sharma in Bengaluru; Editing by Devika Syamnath)