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.
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