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Japan's Seven & i expected to announce new CEO, restructuring plan

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Seven & i Holdings, the Japanese operator of the global 7-Eleven convenience store chain, is expected to announce a leadership change on Thursday and plans to restructure its business as it faces a $47 billion foreign takeover bid.
The article from MSN discusses Japan's Seven & i Holdings Co., which is expected to announce a new CEO and a restructuring plan. This follows pressure from activist investors like ValueAct Capital, who have been pushing for changes to improve shareholder value. The conglomerate, which operates the 7-Eleven convenience store chain among other businesses, has been criticized for its conglomerate structure and lack of focus. The anticipated announcements include the appointment of a new CEO, possibly from outside the company, and a strategic overhaul that might involve divesting or reorganizing some of its diverse business units to streamline operations and enhance profitability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/japan-s-seven-i-expected-to-announce-new-ceo-restructuring-plan/ar-AA1AldM3 ]