In the wake of the sudden departure of former CEO Chris Rondeau, Planet Fitness, Inc. is facing a challenging period of transition. The fitness chain appointed Craig Benson, a seasoned board member with political and franchise experience, as interim CEO, signaling a need for new leadership. However, this change in leadership sent shockwaves through Wall Street, causing Planet Fitness stock to plummet by as much as 16%, reaching a 52-week low.

Planet Fitness, Inc. (NYSE: PLNT) has announced a significant leadership change with Craig R. Benson, a member of the Board of Directors, taking on the role of Interim Chief Executive Officer. This move comes as part of a planned transition, resulting in the departure of Chris Rondeau as CEO. Rondeau will continue to serve on the Board of Directors and play an advisory role. The Board is also engaging an executive search firm to find a permanent CEO. The company looks ahead to its future, with Chairman Stephen Spinelli, Jr., expressing confidence in Benson's ability to lead during this transition.

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