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Japan's Seven & i set to announce new CEO and restructuring plan, say sources

Seven & i Holdings , the Japanese operator of the 7-Eleven convenience store chain, is expected to announce on Thursday a change of CEO and plans to restructure its business, sources said, as it faces a $47 billion foreign takeover bid.
The article from Reuters discusses the anticipated changes at Seven & i Holdings Co Ltd, Japan's leading retail group. The company is expected to announce a new CEO and a restructuring plan on March 6, 2025. This follows a period of pressure from activist investors like ValueAct Capital, who have been pushing for a strategic overhaul, including potentially spinning off its 7-Eleven convenience store chain. The current CEO, Ryuichi Isaka, has faced criticism for not adequately addressing the conglomerate's diverse business portfolio, which spans from convenience stores to supermarkets and department stores. The new CEO, speculated to be Naoki Yoshida, currently head of 7-Eleven, might steer the company towards a more focused business model, possibly involving the sale or restructuring of underperforming assets.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/japans-seven-i-expected-announce-new-ceo-restructuring-plan-2025-03-06/ ]


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