Seven & I Holdings Co. said Tuesday it will promote Ryuichi Isaka, head of its convenience store chain subsidiary Seven-Eleven Japan Co., to the position of president following a recent power struggle.

The promotion comes days after the conglomerate’s 83-year-old chief executive officer, Toshifumi Suzuki, announced his resignation. He had failed to win board support in his bid to oust 58-year-old Isaka.

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