Seven & I Holdings will appoint board member Stephen Dacus as the chief executive officer to replace Ryuichi Isaka, the Nikkei newspaper reported citing unidentified sources, in changes seen as a renewed effort to prevent the Japanese retailer¡¯s takeover.
Dacus, who worked for decades in the Japanese retail industry, is currently leading a special committee evaluating a proposed takeover by Canada¡¯s Alimentation Couche-Tard. He will be the first non-Japanese CEO of the company that operates the 7-Eleven convenience stores.
Seven & I, in a statement, said no decision has been made regarding this matter. ¡°Although some media outlets have reported on our management structure, this was not announced by our company,¡± according to the statement Monday.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.