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MINILUXE ANNOUNCES APPOINTMENT OF LANCHI VENATOR AS CHIEF FINANCIAL OFFICER AND RELATED ISSUANCE OF EQUITY BASED COMPENSATION
Globenewswireยท 2025-08-08 15:35
Company Overview - MiniLuxe Holding Corp. is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [7] - The company aims to transform the fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform [7] - MiniLuxe has performed over 4 million services since its inception, emphasizing healthier, ultra-hygienic services and socially responsible labor practices [7] Executive Appointment - Lanchi Venator has been appointed as the new Chief Financial Officer, effective immediately, taking over key financing, reporting, and control functions [2] - Venator previously served as Global CFO & Head of Strategy for KFC, overseeing 14 international Business Unit CFOs and driving growth and profitability [3] - Prior to KFC, she held a senior finance role at The Estee Lauder Companies, gaining extensive experience in the beauty industry [3] Compensation Structure - The company announced the issuance of 750,000 options and 650,000 Restricted Stock Units (RSUs) for Ms. Venator, with a strike price of 0.41 cents CDN, representing a premium to the prior day's closing price [6] - Additionally, 545,000 Deferred Stock Units (DSUs) were approved for Board Members collectively, all coming from the existing equity incentive plan [6] - The total options, RSUs, and DSUs represent just over 1 percent of the fully diluted ownership of the company [6] Strategic Vision - The CEO, Tony Tjan, expressed confidence in Venator's ability to contribute to MiniLuxe's vision of transforming the nail care industry [4] - Venator highlighted the potential for value creation within MiniLuxe and her alignment with the company's strategic and financial goals [5]