Hampton, New Hampton, February 22, 2024 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT) (the “Company”) today announced the following: tom fitzgeraldThe Chief Financial Officer has informed the company of his intention to retire at the end of 2020. August 2024.
In connection with this transition, the Company will conduct a comprehensive search to identify a new CFO with the assistance of a leading executive search firm.
“On behalf of the Board of Directors and everyone at Planet Fitness, I would like to thank Tom for his valuable partnership and significant contributions to the company over the past four years.” craig benson, Interim Chief Executive Officer. “Tom brings a wealth of knowledge and insight from a 40-year career in finance and executive management and is a great asset to Planet Fitness. Among his many accomplishments, Tom brings a wealth of knowledge and insight from a 40-year career in finance and executive management. As we navigated the impact of the COVID-19 pandemic, we expanded our capital allocation strategy to acquire one of our largest and best-performing franchisees. During his tenure, Tom helped build a strong finance team. We look forward to a smooth transition into the next chapter of our financial leadership. We are looking to find Planet Fitness’ next CFO. As we move forward, we are grateful that he will remain with us over the coming months and wish him the best in a rewarding retirement.”
“I have had great experiences over the past 40 years in a variety of industries, but the last four years at Planet Fitness have been especially rewarding to work for a brand with such a great model and mission. Last August, I told the company: “I have told the company that I am considering retiring.As Planet Fitness enters its next phase of growth, now is the time to transition financial leadership.” We believe the time is right,” Fitzgerald said. “I am proud of the work we have done to deliver value to our franchisees, partners and shareholders, and look forward to working with the management team to ensure a smooth transition. In the meantime, I remain focused on executing our company’s key strategic agenda: achieving our financial goals with the goal of continuing to deliver value to our shareholders. ”
In a separate press release issued today, Planet Fitness reported fourth quarter 2023 results. Planet Fitness will host conference calls at the following locations: 8:00 a.m. (Eastern Time) today. A live webcast of the conference call will be available at www.planetfitness.com under the “Investor Relations” link.
About Planet Fitness
Founded in 1992 Dover, New Hampshire, Planet Fitness is one of the world’s largest and fastest growing fitness center franchisors and operators by membership and locations. As of December 31, 2023, Planet Fitness had approximately 18.7 million members and 2,575 stores in all 50 states. District of Columbia in US, puerto rico, Canada, Panama, Mexico and Australia. Our mission is to improve people’s lives by providing a quality fitness experience in a welcoming, non-intimidating environment called the Judgment Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent businessmen and women.
Source Planet Fitness Co., Ltd.