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Fortune

Eleanor Pringle

Planet Fitness's ousted CEO still doesn't know why he was fired

Planet Fitness Insider Fortune

Chris Rondeau, former CEO of Planet Fitness, in a Toronto gym. (Credit: Bernard Weil/Toronto Star - Getty Images)

Up until last week, things seemed to be going pretty well for Chris Rondeau. The CEO of Planet Fitness was overseeing a growing empire: the brand is adding new stores, posting sales growth, and rolling out major new investment. But that all came to a screeching halt last Friday when Rondeau was asked by the company's board of directors to resign as CEO.

The boss had been a part of the company's furniture for decades: he began working at the company's first site in New Hampshire exactly 30 years ago before rising to the title of CEO in 2013.

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