CEO Ryuichi Isaka will step down from May 27, with lead outside director Stephen Dacus taking up the role on the same day.CEO Ryuichi Isaka will step down from May 27, with lead outside director Stephen Dacus taking up the role on the same day.
Seven & i Holdingssaid 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 conveniencestore 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.
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