Tokyo, February 12, 2019 - Rakuten, Inc. (4755: Tokyo) has accepted the conclusion of an absorption-type split agreement that will have the Company's payments-related businesses (Rakuten Pay business for real store payments, Point Partner business, Edy business, etc.) and shares of Rakuten Edy, Inc. transfer to Spotlight Inc. Accordingly, Rakuten’s subsidiary Spotlight Inc. (company name to change to Rakuten Payment, Inc. as of April 1, 2019) today announced that it has resolved the following executive-level appointment, pending official resolution at the annual general shareholders’ meeting.
Personnel Change (Effective April 1, 2019)
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Name |
New Title |
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Koichi Nakamura |
Representative Director and President of |
*Koichi Nakamura will resign his role as Representative Director and Vice President of Rakuten Card Co., Ltd. and become a Board Director by the effective date above.