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Seven & i to replace CEO, list North American subsidiary
A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024.
Richard A. Brooks | Afp | Getty Images
Seven & i Holdings‘ parent 7-Eleven said Thursday it will replace CEO Ryuichi Isaka with Lead Independent Outside Director Stephen Dacus.
Dacus will take charge from Isaka on May 27, according to a company filing. Seven & i said that Isaka will remain as senior adviser to the company.
Dacus is currently the head of the company’s special committee that is evaluating a $47-billion takeover bid from Canada’s Alimentation Couche-Tard.
The convenience store operator also announced a share buyback of 2 trillion yen ($13.4 billion) and plans to list its North American subsidiary, 7-Eleven Inc.
The company said that it will hold a majority stake in the subsidiary which will be listed in the second half of 2026.
Shares of Seven & i ended the day up 6.11%, as reports about the impending changes emerged on Thursday.
This is breaking news, please check back for more updates.
