MEDIROM Group, Announces Changes of Directors and Corporate Names of Subsidiaries to Strengthen Business Structure
MEDIROM Healthcare Technologies (Nasdaq: MRM) has announced organizational changes to strengthen its business structure. The changes include the resignation of director Miki Aoki, who will serve as a director at subsidiary Bell Epoc Wellness. Bell Epoc Wellness will change its name to Wing Inc. and appoint new directors effective October 1, 2021, including Aoki as a director. Other subsidiaries, including Medirom Human Resources and JOYHANDS WELLNESS, will also appoint new directors. Bell Epoc Power Partners will change its name to Bell & Joy Power Partners Inc. starting November 1, 2021.
- Restructuring aims to strengthen business operations.
- Miki Aoki resigns to take on a more focused role at Bell Epoc Wellness, possibly enhancing leadership there.
- New directors appointed across subsidiaries may bring fresh perspectives.
- None.
NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (Nasdaq CM: MRM), a Japanese based holistic healthcare Company, and its subsidiaries, Bell Epoc Wellness Inc., Medirom Human Resources Inc., JOYHANDS WELLNESS Inc., and Bell Epoc Power Partners Inc., today announced that it has decided to make the following changes to its organizational structure in order to strengthen its business structure.
1. MEDIROM Healthcare Technologies Inc.
(1) Change of Director
Retiring director (Effective Date: October 31, 2021)
| Name | New position | (Current position) |
| Miki Aoki | ― | Director |
On October 31, 2021, Ms. Miki Aoki resigned as a member of our board of directors to assume a role as director of our subsidiary, Bell Epoc Wellness Inc. Ms. Aoki indicated that her resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.
2. Bell Epoc Wellness Inc.
(1) Change of Corporate Name (Effective Date: November 1, 2021)
Wing Inc.
(2) Change of Representative Director and Directors
Newly appointed directors (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Miki Aoki | Director | Director, MEDIROM Healthcare Technologies Inc. |
| Karen Takahashi | Director | General Manager, Directly operated salon management Group 1 |
Change of Representative Director (Effective Date: November 1, 2021)
| Name | New position | (Current position) |
| Miki Aoki | Representative Director | Director |
Retiring Representative Director (Effective Date: November 1, 2021)
| Name | New position | (Current position) |
| Kouji Eguchi | ― | Representative Director |
3. Medirom Human Resources Inc.
(1) Change of Director
Newly appointed director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Tomoya Tateno | Director | General Manager, Education Group |
4. JOYHANDS WELLNESS Inc.
(1) Change of Director
Newly appointed director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Ryo Saito | Director | General Manager, Development Group, MEDIROM Healthcare Technologies Inc. |
Retiring director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Fumitoshi Fujiwara | ― | Director |
| Tetsuya Miyamura | ― | Director |
5. Bell Epoc Power Partners Inc.
(1) Change of Corporate Name (Effective Date: November 1, 2021)
Bell & Joy Power Partners Inc.
(2) Change of Representative Director and Directors
Change of Representative Director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Daihachiro Kawaguchi | Representative Director | Representative Director, JOYHANDS WELLNESS Inc. |
Retiring Representative Director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Kouji Eguchi | ― | Representative Director |
Newly appointed director (Effective Date: October 1, 2021)
| Name | New position | (Current position) |
| Keisuke Midorikawa | Director | Director, Medirom Human Resources, Inc. |
| Tomoya Tateno | Director | General Manager, Education Group, Medirom Human Resources, Inc. |
About MEDIROM Healthcare Technologies Inc.
MEDIROM operates 316 (as of September 30, 2021) relaxation salons across Japan, Re.Ra.Ku™, being its leading brand, and provides healthcare services. In 2015, MEDIROM entered the health tech business, and launched new healthcare programs using on-demand training app called "Lav™", which is developed by the company. MEDIROM also entered the device business in 2020 and is developing a smart tracker "MOTHER Tracker™". MEDIROM plans to expand the scope of its business to include data analysis utilizing the data it has collected since formation of the company.
URL ： https://medirom.co.jp/en
Contacts
Investor Relations Team
ir@medirom.co.jp
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23c4bc5b-f118-4ebb-a227-7b5c0012a6a3
FAQ
What recent organizational changes occurred at MEDIROM Healthcare Technologies (MRM)?
Who is the new director at Bell Epoc Wellness Inc. after the name change to Wing Inc.?
When did Miki Aoki resign from the board of MEDIROM Healthcare Technologies?
What is the effective date for the name change of Bell Epoc Wellness Inc. to Wing Inc.?
What will Bell Epoc Power Partners Inc. be renamed to?
