Seven & i Holdings, the parent company of 7-Eleven, has announced a major leadership transition as part of its ongoing strategic transformation.
Ryuichi Isaka will step down as CEO on May 27, 2025, making way for Stephen Dacus, the company’s current lead independent outside director.
This marks a historic shift for the Japanese retail giant, as Dacus will be the first foreign-born executive to take the helm.
Stephen Dacus: The New CEO
Bringing decades of retail expertise, Stephen Dacus, 64, is set to lead Seven & i through its next phase of growth. His extensive background includes serving as CEO of Seiyu Holdings and senior vice president at Fast Retailing Co., the parent company of Uniqlo.
As a key figure in the company’s leadership, he has played an active role in assessing strategic opportunities, including the recent $47 billion takeover bid by Alimentation Couche-Tard Inc.
Ryuichi Isaka’s Future Role
Following his departure as CEO, Ryuichi Isaka will remain with Seven & i as a senior adviser, ensuring continuity during this transition.
Seven & i has unveiled several major initiatives alongside its leadership change:
News of the leadership shakeup and strategic shifts fueled a strong market response, with Seven & i shares jumping 6.11%. However, challenges remain as the company seeks to fend off Couche-Tard’s takeover bid and sharpen its focus on its core convenience store business.
With Dacus at the helm, Seven & i is expected to push forward with international expansion and operational streamlining. The company is set to hold a press conference later today to outline further details on its strategic direction.
Also Read
In a deal that could reshape the competitive dynamics of both the automotive and semiconductor…
In a potential game-changing development for the U.S. freight rail industry, Union Pacific (NYSE: UNP)…
The U.S. Department of Education has confirmed a temporary pause in processing student loan forgiveness…
Telkom has officially unveiled its refreshed logo and visual identity as part of a broader…
Alaska Airlines has resumed flight operations after a widespread IT outage forced the temporary grounding…
If you’re aged 18 or above, live in South Africa, enjoy playing feature-rich online slot…