News Release Dated May 12, 2022
Company: AOKI Holdings Inc.
Representative: Akihiro Aoki, President
Stock code: 8214, TSE Prime
Contact: Haruo Tamura, Executive Vice President
Tel: +81-45-941-1388

Notice of Changes of Directors and Representative Directors
The Board of Directors of AOKI Holdings approved a resolution on May 12, 2022 concerning thefollowing proposed changes in directors and representative directors.
If approval for these changes is received at the Annual General Meeting of Shareholders scheduled forJune 29, 2022, the appointments are to become official at the meeting of the Board of Directors
following this shareholders meeting.
1. Changes in representative directors (effective June 29, 2022)(1) Reason for changes
To rejuvenate and revitalize the organization and further strengthen the governance structure in order toachieve sustainable growth.
(2) Outline of changes
NameNew position

Current position

Hironori Aoki

(Retiring)

Chairman and Representative
Director

Takahisa Aoki

(Retiring)

Vice Chairman and Representative
Director

Akihiro Aoki

Chairman and Representative
Director

President and Representative
Director

Hidekazu Azuma

President and RepresentativeDirector

Managing Director(3) Names and backgrounds of new representative director
New position:
Name:
Date of birth:
Birthplace:
Profile:President and Representative Director
Hidekazu Azuma
August 26, 1965
Aichi Prefecture
March 1988
Joined TORII (now AOKI Holdings Inc.)
April 2008
Executive Officer, General Manager of Marketing and Sales
Promotion Dept. of AOKI Inc.
June 2012
Executive Managing Director of AOKI Inc.
November 2018 Executive Officer of VALIC Co., Ltd. (now KAIKATSUFRONTIER Inc.)
April 2019
Executive Vice President of VALIC Co., Ltd.
June 2019
Managing Director of AOKI Holdings Inc. in charge of Group
Improvement Activities (current position)
June 2021
President and Representative Director of KAIKATSU FRONTIER
Inc. (current position)
Number of shares held: 14,100 shares
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2. Appointment of new directors (effective June 29, 2022)
Name
Eiichi Nakamura

New position
Director

Current position-Sonoko Sugano
Director
Note: They are candidates for external directors as stipulated in Article 2, Item 15 of the Companies
Act.
3. Retiring directors (effective June 29, 2022)
Name
Wataru Araki
Terumitsu Noguchi

New position(Retiring)(Retiring)

Current position
Managing Director
Managing Director

Note: They are scheduled to be appointed as Senior Managing Executive Officer after theretirement.
(Reference)Management structure after the Annual General Meeting of Shareholders scheduled for June 29, 2022
Chairman and Representative Director
President and Representative Director
Executive Vice President (in charge of Group Administrationand Finance)
Executive Vice President (in charge of Group Store Developmentand Real Estate Business)
Executive Vice President (in charge of Group IT Systems)
Senior Managing Director (in charge of Group Branding)
Senior Managing Director (in charge of Group Strategy)
Director (external)
Director (external)
Director (external)
Director (external)
Director (external)

2/2

Akihiro Aoki
Hidekazu Azuma
Haruo Tamura
Akira Shimizu
Norio Terui
Masamitsu Aoki
Keita Nagemoto
Minoru Inagaki
Yoko Ohara
Mitsuo Takahashi
Eiichi Nakamura (newly appointed)
Sonoko Sugano (newly appointed)