Reported about 15 hours ago
Seven & i Holdings Co. has announced the appointment of Stephen Dacus as its new CEO, marking the first time a foreign leader will head the company. This change is aimed at reinforcing the retailer's independence as it navigates a potential $47 billion takeover bid from Canada's Alimentation Couche-Tard Inc. Dacus, who has extensive experience in the Japanese retail sector, will replace Ryuichi Isaka, whose management faced scrutiny from activist investors. This strategic shift follows the collapse of plans by the Ito family to take the company private and reflects Seven & i's renewed focus on enhancing operational performance amidst mounting pressure.
Source: YAHOO