Planet Fitness announces CEO pick

Planet Fitness on Tuesday named Colleen Keating as its new CEO.

He will replace interim CEO Craig Benson, effective June 10, the fitness center chain announced in a press release.

Mr. Keating joins Planet Fitness from FirstKey Homes, where he served as CEO for approximately four years.

Colleen Keating, the next CEO of Planet Fitness. (Planet Fitness)

“Colleen’s appointment is the culmination of an extensive search process undertaken by the Board of Directors,” said Planet Fitness Board Chairman Stephen Spinelli Jr. “Colleen has confirmed with Planet that we believe he is an outstanding leader with the skills, experience and culture-first mindset needed to accelerate Fitness’s next phase of growth.”

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Planet Fitness said her prior professional experience spans hospitality, real estate and franchise management, including holding various positions at InterContinental Hotels Group and Starwood Hotels & Resorts Worldwide.

Benson will remain on Planet Fitness’ board of directors, the company said.

“I look forward to working with the management team to get the business off the ground on a path to sustainable growth and value creation,” Keating said.

planet fitness sign

Planet Fitness gym seen in New York on November 2, 2023. (Michael Nagle/Bloomberg via Getty Images/Getty Images)

The fitness chain’s board appointed Benson as interim CEO as it chose to “transition to new management,” with Chris Rondeau stepping down from the top job in mid-September.

Planet Fitness Aust CEO, stock slide

The company is promoting a “new growth model” to overcome the uncertain macroeconomic environment and other challenges. The strategy is focused on “increasing revenue and reducing the capital required to open and maintain Planet His Fitness franchise locations,” Benson said.

planet fitness building

Colleen Keating joins Planet Fitness from FirstKey Homes, where she served as CEO for approximately four years. (Don and Melinda Crawford/UCG/Universal Images Group via Getty Images/Getty Images)

The company has faced backlash in recent weeks over its policy of allowing people to use locker rooms that correspond to their gender identity.

The chain revoked an Alaska woman’s membership just days after a transgender woman, who is biologically male, was photographed shaving in a women’s locker room, the Daily Mail reports. The company’s valuation plummeted by $400 million, from $5.3 billion to $4.9 billion.

Planet Fitness CEO McCall Gosselin clarified the company’s policies regarding gender identity in a previous statement to Fox News Digital.

“As the home of the Judgment Free Zone, Planet Fitness is committed to creating an inclusive environment,” he said in a statement.

“Our gender identity non-discrimination policy provides that members and guests have access to gym facilities that best match their truthfully self-declared gender identity. Violated our mobile device policy that prohibits users from entering the locker room, resulting in the termination of your membership. ”

Nearly 19 million Planet Fitness members use the company’s more than 2,500 locations.

FOX Business’ Taylor Penley contributed to this report.

Planet Fitness’s value plummets by $400 million amid transgender controversy