Seven & i Holdings, the parent company of 7-Eleven, is set to appoint Stephen Dacus as its new chief executive officer, making him the company's first-ever foreign CEO. This leadership shake-up comes at a critical time, as Seven & i fends off an acquisition bid from Canadian convenience store giant Alimentation Couche-Tard. The company's outgoing CEO, Ryuichi Isaka, who has led the firm since 2016, is expected to step down and transition into an advisory role later this year.
Reports suggest that this appointment is part of Seven & i's broader strategy to convince shareholders of its ability to remain independent while expanding its global convenience store business. However, the company has denied making an official decision, stating that 'although some media outlets have reported on our management structure, this was not announced by our company', according to a statement released on Monday.
