Execution with Speed and Discipline under Strong Management

The new management team will ensure Seven & i Holdings will continue with its focus on our customers, maintain the culture of humility and delighting customers with innovation, and enhance our partnership with franchisees.

New CEO will spearhead value creation and growth strategy.

• ‍Steve Dacus is a highly experienced retail executive with significant executive, financial, and operational experience, and is both bilingual and bicultural. Over his career, Mr. Dacus has worked with consumer retail companies in Japan and globally and has been a change agent at Seven & i Holdings, spearheading the Strategy Committee and Special Committee, as the Group has evolved as a world-class retail company. His knowledge of Seven & i Holding’s business and strategy is also an invaluable asset.
• The Board’s Nomination Committee, a majority of whose members are independent outside directors, conducted a thorough selection process and determined that Mr. Dacus is the right individual to lead the Company forward and that he best meets the criteria of the "Ideal CEO of the Company."
• Mr. Dacus will be appointed as the next Representative Director and President & CEO following approval at the Board meeting immediately after the Group's upcoming Annual General Meeting on May 27. Mr. Dacus will execute our value creation and growth strategy while remaining focused on identifying avenues to continue driving shareholder value.

Our robust new management team will execute our strategy with speed and discipline.

Additional executive appointments will strengthen our management team and best position the company to pursue a stand-alone plan to create value and seek further growth:

• Junro Ito, a member of the founding family, will be appointed as Representative Director and Executive Chair (Kaicho) to support the CEO. In addition, Shigeki Kimura, who has extensive experience in SEVEN-ELEVEN JAPAN (currently serving as its Director and Executive Vice President), will be appointed as Representative Director and Executive Vice President. He and Mr. Ito will focus on  fostering relationships with broader stakeholders, including employees and franchisees.
• Current Chief Financial Officer Yoshimichi Maruyama and current Chief Strategy Officer Tamaki Wakita will form part of the robust new management team.