Seven & i Holdings, the parent company of global convenience store chain 7-Eleven, announced significant leadership changes on Thursday, positioning Stephen Dacus to replace current CEO Ryuichi Isaka. Dacus, who currently heads the company's special committee, will assume his new role on May 27. This transition comes as the company evaluates a substantial $47 billion takeover bid from Canadian retail giant Alimentation Couche-Tard.
The announcement also revealed a strategic financial maneuver, with Seven & i declaring a share buyback valued at 2 trillion yen ($13.4 billion). These developments come alongside plans to list its North American subsidiary, 7-Eleven Inc., in the second half of 2026, while retaining a majority stake. These strategic decisions aim to strengthen the company's market position and maximize shareholder value.
The leadership change and financial strategies led to a positive market reaction. Shares of Seven & i closed the day with a significant increase of 6.11%. The news of these impending changes first surfaced earlier this week, spurring interest and speculation among investors and industry observers.
Ryuichi Isaka, who has been at the helm of Seven & i, will step down from his role but will continue to contribute to the company in the capacity of senior adviser. Stephen Dacus, as the lead independent outside director, is expected to bring fresh perspectives and leadership to guide Seven & i through this period of transformation.