Stock Price Meltdown: Planet Fitness Hits 52-Week Low Amid Leadership Shake-Up

Krissy Vann | Host, All Things Fitness and Wellness

In a surprising turn of events, Planet Fitness, Inc., one of the nation's leading fitness chains, has appointed Craig Benson as its interim CEO. The decision, announced on Friday, comes as the company searches for new leadership in the wake of the immediate departure of former CEO, Chris Rondeau.

Benson, a six-year board member, stepped into the role effective immediately, drawing from his experience as the former governor of New Hampshire and his status as a franchisee for both Planet Fitness and Dunkin’ Donuts. The company has indicated that it is exploring both internal and external candidates for a permanent CEO.

Wall Street reacted swiftly to the news, with Planet Fitness stock plummeting as much as 16%, hitting a 52-week low.

As Planet Fitness navigates this period of transition, all eyes are on the search for a new permanent CEO, as the fitness giant grapples with its stock's rollercoaster ride and the challenges of maintaining its strong market presence.

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