On April 30, 2019, XpresSpa Group, Inc. named Douglas Satzman, who currently serves as the Company's Chief Executive Officer and Principal Executive Officer, to the additional posts of Principal Financial Officer and Principal Accounting Officer. Mr. Satzman has served as the Company's Chief Executive Officer since February 2019. Prior to joining the Company, Mr. Satzman served as CEO of Joe Coffee Company, a premium Specialty Coffee chain serving craft roasted coffee and artisanal food items with over 20 company owned cafes in New York City and Philadelphia.

During his tenure, he created a multi-channel national growth plan, created infrastructure and assembled a leadership team after the first private equity investment in the 15 year-old family business. Previously, Mr. Satzman was Chief Executive Officer, U.S. of Le Pain Quotidien, a premium Bakery & Full Service Restaurant chain serving artisanal breads/pastries, organic products & wholesome cuisine in over 90 company-owned restaurants across the U.S. where he developed a long-term growth strategy focused on building organic sales, opening new stores and markets, creating multi-channel growth platforms and leveraging technology.