Planet Fitness, Inc. (NYSE: PLNT) has announced the appointment of Jay Stasz as its next Chief Financial Officer (CFO), effective November 15, 2024, succeeding current CFO Tom Fitzgerald. Stasz, an accomplished finance executive with over 25 years of experience, most recently served as CFO at Savers Value Village, the largest for-profit thrift operator in the U.S. and Canada. Prior to that, he held the same role at Ollie's Bargain Outlet, where he played an instrumental role in doubling the company's revenue from approximately $760 million to around $1.8 billion.
The company will issue its third quarter 2024 earnings report on November 7, 2024. As of June 30, 2024, Planet Fitness had approximately 19.7 million members and 2,617 stores across the United States, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
Colleen Keating, Chief Executive Officer of Planet Fitness, expressed confidence in Stasz's ability to support the execution of the company's strategic imperatives and drive profitable growth, emphasizing his proven track record in optimizing growth in retail and consumer spaces.
Stasz, in turn, expressed his excitement to join Planet Fitness during its next phase, citing confidence in the brand's relevance to today's consumer and its growth opportunities both in the U.S. and abroad.
The outgoing CFO, Tom Fitzgerald, will remain with the company through December 31, 2024, to ensure a smooth transition and will continue to serve in a consulting capacity through March 31, 2025.
This change in leadership comes as the company continues its mission to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, known as the Judgement Free Zone®. The market has reacted to these announcements by moving the company's shares -1.7% to a price of $78.74. If you want to know more, read the company's complete 8-K report here.
