Tue, March 11, 2025
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Artisan Partners opposes Japan retailer Seven & i's CEO choice

Artisan Partners, a U.S. investment firm, has publicly opposed the appointment of Seven & i Holdings' new CEO, Ryuichi Isaka, who was previously the head of the company's 7-Eleven convenience store chain. The firm expressed concerns over the lack of a comprehensive strategic review and the absence of a clear succession plan, criticizing the board for not considering alternative strategies that could potentially enhance shareholder value. Artisan Partners, holding a 1.7% stake in Seven & i, has been vocal about its dissatisfaction with the company's management, especially following the rejection of a $22 billion buyout offer from ValueAct Capital in 2020. They argue that the board's decision to reappoint Isaka without exploring other strategic options or conducting a thorough review process is detrimental to the company's future.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/artisan-partners-opposes-japan-retailer-seven-is-ceo-choice/ar-AA1Az8lS ]