7-Eleven Parent Company Prepares to Replace CEO After Failed Buyout

Ryuichi Isaka is expected to step down, with outside director Stephen Dacus likely to take over as Seven & i evaluates a $47 billion takeover bid from Canada's Couche-Tard.

Seven & i Holdings, owner of 7-Eleven, is reportedly planning to replace its president, Ryuichi Isaka, with outside director Stephen Dacus.
The leadership change follows the failure of a $59.9 billion management buyout attempt by the company's founding family and Itochu Corp.
The failed buyout was intended to counter a $47 billion acquisition proposal from Canadian firm Alimentation Couche-Tard (ACT).
Stephen Dacus, who joined Seven & i's board in 2022, leads the committee evaluating ACT's bid and would be the company’s first foreign CEO if confirmed.
Seven & i shares experienced fluctuations, initially dropping after the buyout collapse but later rising as much as 4.6% on reports of the leadership transition.