Seven & i to replace CEO, list North American subsidiary

Dacus will take charge from Isaka on May 27, according to a company filing. Seven & i said that Isaka will remain as senior adviser to the company.

Dacus is currently the head of the company’s special committee that is evaluating a $47-billion takeover bid from Canada’s Alimentation Couche-Tard.

The convenience store operator also announced a share buyback of 2 trillion yen ($13.4 billion) and plans to list its North American subsidiary, 7-Eleven Inc.

The company said that it will hold a majority stake in the subsidiary which will be listed in the second half of 2026.

Shares of Seven & i ended the day up 6.11%, as reports about the impending changes emerged on Thursday.

The company also announced that it will sell its superstore business group — consisting of supermarkets — to investment company Bain Capital for 814.7 billion yen ($5.37 billion), with the transaction expected to be completed in September 2025.

This is breaking news, please check back for more updates.