Planet Fitness Shares Sink After Board Ousts CEO in Shocking Move

Planet Fitness, a prominent workout chain, has unexpectedly removed Chris Rondeau, a long-standing company veteran, from his role as CEO. This unexpected move led to a nearly 16% drop in the company's shares, hitting a 52-week low. Rondeau had been with the company for nearly 30 years, starting from a front desk position, and had been serving as CEO since 2013.