Planet Fitness’ Longtime CEO Says He Was ‘Blindsided’ by Abrupt Firing That Sent Gym’s Stock Plummeting — And Barred Him From Talking to Staff
September 22, 2023
Chris Rondeau, former CEO of Planet Fitness, expressed being “seriously blindsided” by the board’s decision to ask him to resign, causing the company’s shares to plummet nearly 20%. This abrupt change wiped over $1 billion in market cap from the gym giant. Rondeau’s separation agreement now restricts him from contacting most Planet Fitness employees regarding his employment or the termination thereof.
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