Planet Fitness CFO Tom Fitzgerald to Retire Amid Leadership Transition

Tom Fitzgerald, the Chief Financial Officer of Planet Fitness, has announced his intention to retire later this year, marking the end of his tenure following the departure of former chief executive officer Chris Rondeau from the gym chain’s board and recent staff reductions. Fitzgerald disclosed his plan to retire by the conclusion of August.

Planet Fitness will engage an executive search firm to identify its next CFO. Notably, Fitzgerald had informed the company of his retirement contemplation last August. Shortly thereafter, Planet Fitness revealed the ousting of Rondeau from the board, who had held the CEO position since 2013, preceded by a decade as chief operating officer.

In a recent regulatory filing, Planet Fitness disclosed Rondeau’s resignation from the board, citing various disagreements since his departure from the CEO role in September. One such disagreement pertained to the decision to terminate 9% of headquarters staff this month.

Craig Benson, serving as interim CEO, expressed gratitude to Fitzgerald for his contributions to the company, particularly his role in guiding Planet Fitness through the challenges of the COVID-19 pandemic. Fitzgerald stated that he believes the present moment is opportune for a transition in financial leadership as Planet Fitness embarks on its next phase of expansion.

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