• Bloomberg, Kyodo

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Seven & I Holdings Co. is poised to promote Ryuichi Isaka, head of its Seven-Eleven Japan Co. convenience store unit, to president of the holding company after activist investor Daniel Loeb intervened in an attempt to oust him, a person familiar with the matter said.

The Seven & I nomination committee endorsed Isaka, 58, in a meeting Friday. The endorsement is expected to be approved by a board of directors’ gathering Tuesday, said the source, who asked not to be identified because the deliberations are private. Hirotake Henmi, a company spokesman, confirmed the meetings and said nothing has been decided.

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