Tokyo Reuters —
Seven & I Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.
After a tumultuous six months that began when it received a buyout offer from Canadian Circle-K operator Alimentation Couche-Tard (ACT), Seven & I announced its most far-reaching leadership and business restructuring on Thursday.
Lead outside director Stephen Dacus will succeed Ryuichi Isaka as chief executive on May 27, the company said.
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