Overview

• Planet Fitness stock fell to a multi-year low after the surprise removal of CEO Chris Rondeau.
• The board has appointed an interim CEO and has commenced an internal and external search for a permanent replacement.
• No specific reason was given for Rondeau's sudden departure after overseeing significant growth during his tenure.
• Rondeau will stay on as an advisor and board member during the leadership transition.
• Analysts expect limited impact on the company's operations and strategy from the CEO change.