Reported about 10 hours ago
Seven & i Holdings, the operator of 7-Eleven in Japan, has announced the appointment of Stephen Dacus as its new CEO and plans for restructuring in response to a $47 billion foreign takeover bid from Alimentation Couche-Tard. This marks the first time a foreign executive will lead the company. The announcement comes amid investor criticism over capital allocation and competition from the founding Ito family's own buyout offer.
Source: YAHOO