Seven & i arranging for president to step down after failed buyout

Seven & i Holdings Co. is making final arrangements for President Ryuichi Isaka to step down, with outside director Stephen Dacus likely to succeed him as the first foreign chief of the Japanese retail giant, a source close to the matter said Monday, days after its founding family's proposed management buyout failed.Dacus, 64, who became an outside director of Seven & i in 2022, has expertise in retail sectors in Japan and abroad. He has served as CEO of Japanese supermarket chain Seiyu Co. and senior vice president of Fast Retailing Co., the operator of the Uniqlo clothing chain.The operat…READ FULL ARTICLE