Japan’s Seven i Holdings, the parent company of 7-Eleven, has said it will replace its chief executive officer, spin off its US business and sell its superstore business to Bain Capital, according to a company announcement on March 6.
Stephen Darcus, currently chairman of the board and a lead independent outside director, will success Ryuichi Isaka as president and chief executive officer of the company.
The appointment will be effective after the group’s annual general meeting. Isaka will continue to serve as a senior advisor to the group.
Seve will seek an initial public offering of its North America business known as 7-Eleven...
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