– Benson's appointment follows the decision by the Board to transition to new leadership, resulting in Chris Rondeau's departure as the Company's CEO.
– Rondeau will continue to serve the Company in an advisory role as contemplated under his existing agreements with the Company to help ensure a smooth transition.
Planet Fitness is continuing to enhance our competitive advantage, capitalize on our size and scale, and drive further shareholder value.
"Planet Fitness is a truly unique brand with a strong track record of growth and opportunity to drive long-term value creation," said Benson.
Planet Fitness has a solid foundation in place, with further runway for growth by strengthening our branded messaging, ensuring we continue to allocate capital with discipline and focus
Spinelli concluded, "On behalf of the Board, I'd like to thank Chris for his 30 years of service to Planet Fitness.
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