Planet Fitness Shares Sink After Board Ousts CEO in Shocking Move
September 19, 2023
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.
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