Planet Fitness Fires Longtime CEO Chris Rondeau, Shares Plunge 16% to 3-Year Low as Former NH Governor Named Interim Chief
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Planet Fitness unexpectedly fired its CEO Chris Rondeau, who had been in the role since 2013. The company did not give a reason for letting him go.
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Shares of Planet Fitness plunged 16% to their lowest level in over 3 years following the news of Rondeau's firing.
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The Planet Fitness board has chosen former New Hampshire governor Craig Benson as interim CEO to replace Rondeau.
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Rondeau will remain on the Planet Fitness board and be nominated for re-election at the 2024 annual meeting.
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Planet Fitness said it has hired an executive search firm to find a permanent new CEO, and will consider both internal and external candidates.