Reported about 4 hours ago
Seven & i Holdings has appointed Stephen Dacus as its first non-Japanese CEO as part of a major restructuring effort aimed at increasing shareholder value and responding to a $47.5 billion takeover bid from Alimentation Couche-Tard. The company plans to sell its underperforming retail divisions, buy back shares worth ¥2 trillion ($13.4 billion), and list its U.S. 7-Eleven operations to bolster its market position. Dacus, who has extensive experience in retail and is fluent in Japanese, aims to restore momentum and focus on the company's core profitable convenience store business.
Source: YAHOO