Planet Fitness Appoints Former CFO Tom Fitzgerald as Interim CFO Following Jay Stasz's Departure, Reaffirms 2026 Guidance

summarizeSummary

Planet Fitness announced the departure of CFO Jay Stasz and the immediate appointment of former CFO Tom Fitzgerald as interim, while reaffirming its 2026 financial guidance.

check_boxKey Events

• CFO Departure

  Jay Stasz departed as Chief Financial Officer, effective March 9, 2026. The company stated his departure was not due to any dispute regarding financial statements.

• Interim CFO Appointment

  Tom Fitzgerald, who previously served as Planet Fitness' CFO from 2020-2024, has been appointed Interim CFO, effective immediately. He will receive a monthly salary of $250,000 for an initial six-month term.

• Guidance Reaffirmed

  The company reaffirmed its 2026 financial guidance, initially announced on February 24, 2026, signaling confidence in its outlook despite the executive change.

• Search for Permanent CFO Initiated

  Planet Fitness has initiated a search for a permanent Chief Financial Officer with the assistance of an executive search firm.

auto_awesomeAnalysis

The departure of a Chief Financial Officer is typically a significant event for a public company, especially when the stock is trading near its 52-week low. However, Planet Fitness has mitigated potential negative market reaction by immediately appointing a highly experienced former CFO, Tom Fitzgerald, who has deep institutional knowledge of the company and industry. The explicit statement that Mr. Stasz's departure was not due to financial disputes, coupled with the reaffirmation of the company's 2026 financial guidance (previously announced on February 24, 2026), provides strong signals of stability and continuity. This well-managed transition aims to reassure investors about the company's financial health and strategic direction. The search for a permanent CFO is underway.