Thanks for your response xavier60 and apologies for the delay in responding.
I'm sure it didn't help that the component was covered with glue.
Is the motor control done on the live side?
Not sure what you mean by that?
The motor as a 180v DC drive.
As the treadmill was apparently still working when it was turned off, I decided to put the board back in and try it again. The damaged component starts smoking immediately the machine is turned on.