7-Eleven owner set to replace its leader with first foreign CEO

Barron's

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7-Eleven To Replace CEO In Couche-Tard Takeover Battle: Reports

NHK World

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Sources: Seven & i Holdings set to replace its president

Japanese retail giant Seven & i Holdings is finalizing a plan to replace its president Isaka Ryuichi with a non-Japanese outside director.

Reuters

Channel News Asia

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Channel News Asia

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Seven & i finalising plan for CEO Isaka to step down, sources say

Seven & i Holdings , the Japanese retail giant at the centre of a takeover battle, is finalising a plan for its chief executive to step down, mostly likely to be replaced by its first foreign chief, two people familiar with the matter said.

Asahi

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"There was a just cause to protect the national interest" - Itochu Chairman comments for the first time on abandoning Seven-Eleven acquisition: Asahi Shimbun

Regarding the fact that the founding family of Seven & i Holdings has abandoned its plan to acquire Seven, Masahiro Okafuji, chairman and CEO of Itochu Corporation, which had considered investing in the plan, said on the 3rd, "By protecting Seven, we are 'protecting Japan's national interests.'

Fortune

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7-Eleven's Japanese owner reportedly set to appoint its first foreign CEO as it battles a takeover bid from Canada's Alimentation Couche-Tard

Japan's Nikkei reported that Seven & i's president Ryuichi Isaka will be replaced by Stephen Dacus, who also worked for Walmart's Japanese arm.

Inquirer

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7-Eleven owner shares up on report CEO to step down

Tokyo, Japan — Shares in the Japanese owner of convenience store giant 7-Eleven jumped more than four percent Monday after a report said its CEO would be replaced. Last week, Seven & i said its founding family had failed to put together a white-knight buyout to fend off a takeover bid from Canada’s Alimentation Couche-Tard