Planet Fitness Welcomes Interim Chief Financial Officer Amid Transition

Planet Fitness Welcomes New Interim CFO

In a significant transition, Planet Fitness, one of the leading fitness center operators, announced today the appointment of Tom Fitzgerald as the Interim Chief Financial Officer (CFO). This change comes in light of the departure of Jay Stasz from the company, prompting the need for new financial leadership at a time of continued growth and expansion.

Background of the Transition

Tom Fitzgerald, who previously held the role of CFO at Planet Fitness from 2020 to 2024, returns to the company to guide it through this interim period. His extensive experience in finance spans over four decades and includes senior leadership roles across various consumer-focused businesses. His deep understanding of Planet Fitness's operations and growth strategy positions him well to support the organization's financial objectives.

Colleen Keating, CEO of Planet Fitness, expressed her enthusiasm for Fitzgerald's return, noting, "Tom brings a wealth of knowledge and experience, having previously navigated the company through significant growth phases. His leadership will be crucial as we seek to enhance our strategic and financial plans."

Fitzgerald’s Vision

Reflecting on his previous tenure, Fitzgerald shared, "Returning to Planet Fitness is a highlight in my career. The brand has a robust franchise model and outstanding long-term growth potential. As we search for a permanent CFO, I am eager to work alongside the leadership team to further our strategic mission."

Fitzgerald's background includes key roles at well-known companies such as Potbelly Sandwich Works and Charming Charlie, where he successfully managed financial strategies and operations. His prior experience further enhances his capability to effectively contribute to Planet Fitness during this transitional phase.

Company Outlook and Future Plans

In addition to addressing the leadership change, Planet Fitness reaffirmed its financial guidance for 2026, a move that reassures investors about the company's stability and continued growth trajectory. Despite the changes within its leadership, Planet Fitness remains committed to enhancing member experiences through its welcoming environment known as the Judgement Free Zone®.

Planet Fitness is not just a fitness center but also a community hub, offering services in various locations across the United States, Canada, and other international markets. The company currently boasts approximately 20.8 million members, a testament to its appeal and growth potential in the fitness industry.

As the search for a new, permanent CFO begins, Fitzgerald's interim leadership will focus on optimizing the company's financial strategies and ensuring a seamless transition. The company aims to capitalize on its strong brand and franchise model while navigating the highly competitive fitness landscape.

Conclusion

The evolution of leadership at Planet Fitness marks an essential step for the organization's future. With Tom Fitzgerald back in a leadership role, stakeholders can expect to see a continued commitment to executing its growth strategy and reinforcing its position as a leader in the fitness industry. As they embark on this new chapter, the company is poised to inspire more individuals to pursue healthier lifestyles within a supportive environment.