On September 9, 2024, a customer of a 7-Eleven convenience store was seen on a street in central Tokyo.
Richard A. Brooks | AFP | Getty Images
Qihe I Hold Shares‘Parents 7-11 Say Thursday will replace CEO Ryuichi Isaka and Chief Independent External Director Stephen Dacus.
According to company documents, Dacus will be held from Isaka on May 27. Seven told me that Isaka will continue to serve as a senior consultant to the company.
Dacus is currently head of the company’s special committee, which is evaluating a $47 billion acquisition bid for Canadian parenting Couche-Tard.
convenient Store operators also announced a 2 trillion yen ($13.4 billion) share buyback and plans to list its North American subsidiary 7-11 Inc.
The company said it will hold a majority stake in its subsidiary, which will be listed in the second half of 2026.
Seven shares and I ended up at 6.11% as reports of the upcoming changes emerged Thursday.
The company also announced that it will sell its supermarket business group (composed of supermarkets) to an investment company for 814.7 billion yen ($5.37 billion), with the deal expected to be completed in September 2025.
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