On September 15, 2023, the board of directors of Planet Fitness, Inc. appointed Craig R. Benson, a member of the Company?s Board, as Interim Chief Executive Officer, effective immediately. Benson?s appointment follows the decision by the Board to transition to new leadership, resulting in Chris Rondeau?s departure as the Company?s CEO, effective as of September 15, 2023. Rondeau will continue to serve as a member of the Company?s Board and will be nominated for reelection at the Company?s 2024 annual meeting of stockholders.

Rondeau will continue to serve the Company in an advisory role as contemplated under his existing agreements with the Company to assist with the transition. The Company thanks Chris for his 30 years of service to the Company, during which time he helped significantly grow the Company?s membership and store footprint, while cultivating the Company?s culture of judgement free fitness. In connection with the transition, the Board is engaging a leading executive search firm to assist in a comprehensive search process to identify a permanent CEO, with both internal and external candidates being considered.

Benson, age 68, has served on the Board since July 2017. He currently serves as the Chief Executive Officer at Soft Draw Investments, LLC. Benson has also been a franchisee of Dunkin?

Donuts LLC for over 15 years with 147 stores. He previously served as the 79th Governor of the State of New Hampshire. During his tenure, the Cato Institute recognized Benson as the most effective new governor in the country, as well as the second most effective of all governors nationwide.

In 1983, Benson co-founded Cabletron Systems, Inc. During Benson?s 17-year tenure, he served in various roles as Cabletron?s Chairman, CEO, COO and President, helping take the company from a garage start-up to a publicly traded company with 7,000 employees and annual sales exceeding $1.6 billion. He serves as the Vice Chairman of the Trustees of Babson College. He previously served as a Director of Sycamore Networks Inc. from October 2007 to April 2013.

Benson graduated from Babson College with a degree in Finance and completed an MBA in Operations Management from Syracuse University. He also holds honorary degrees from Dartmouth College, Thomas Jefferson University, the University of New Hampshire and Grand Valley State University.