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[ Thu, Mar 06th 2025 ]: TechRepublic
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[ Thu, Mar 06th 2025 ]: MSN
Japan's Seven & i names new CEO, announces restructuring
[ Thu, Mar 06th 2025 ]: Reuters
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Japan's Seven & i expected to announce new CEO, restructuring plan
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Japan's Seven & i names new CEO, announces restructuring

Japan's Seven & i Holdings, the parent company of 7-Eleven, has announced a significant leadership change and a strategic restructuring plan. Ryuichi Isaka, the current president and COO, will succeed Katsuhiro Goto as CEO starting in September. This transition comes amidst pressure from activist investors like ValueAct Capital, which has been pushing for a spin-off of the 7-Eleven convenience store chain to enhance shareholder value. The company has decided against the spin-off but will instead focus on streamlining its operations by selling off its department store and supermarket businesses. This move aims to concentrate on its core convenience store operations, which are seen as more profitable and aligned with future growth strategies. Additionally, Seven & i plans to invest in digital transformation and overseas expansion to bolster its market position.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/japan-s-seven-i-names-new-ceo-announces-restructuring/ar-AA1AlXNX ]