Planet Fitness, Inc. welcomed Jay Stasz as its next chief financial officer. He will join the company on November 4 and work alongside current CFO Tom Fitzgerald until assuming the role full-time on November 15.
As previously announced, Fitzgerald will remain an employee of the company through December 31, 2024, to ensure a smooth transition and will serve in a consulting capacity through March 31, 2025.
Most recently, Stasz was the CFO at Savers Value Village, the publicly held, for-profit thrift store retailer headquartered in Bellevue, WA, where he played a critical role in the company’s successful IPO in June 2023.
Before Savers, he was the CFO at Ollie’s Bargain Outlet, a U.S. chain of discount closeout retailers. Earlier in his career, Stasz worked at the Sports Authority in roles of increasing responsibility.
“I’m pleased to welcome Jay to the Planet Fitness team, and I’m confident he will support the execution of our strategic imperatives and our ongoing work with our franchisees to drive profitable growth,” said Colleen Keating, chief executive officer. “Jay is a highly experienced and collaborative leader who brings a proven track record of optimizing growth in retail and consumer spaces. I’m eager to work closely with him to support our team members as we provide high-quality and accessible fitness experiences for our members, and to ultimately increase value for shareholders.”
“I am excited to join the Planet Fitness team during this next phase for the company,” said Stasz. “Planet Fitness is a brand with a clear mission and value proposition for its members as well as a compelling business model. I’m confident in its relevance to today’s consumer and its opportunities for growth in the U.S. and abroad. I look forward to leveraging my skills and experiences to support the company and its franchisees.”
Keating continued, “On behalf of the entire Planet Fitness team, I want to thank Tom for his contributions and dedication to Planet Fitness since joining the Company in 2020. I am incredibly appreciative of Tom continuing to fulfill his duties as CFO throughout the search process and for working with Jay to ensure a smooth transition. Tom has been a true partner to me since I joined the company, and we wish him all the best in his well-deserved retirement.”
Images courtesy of Planet Fitness
