Seven & I Holdings restructures leadership, finances, and strategy

Seven & I Holdings (TSE:3382) announced a series of significant changes impacting its leadership, financial structure, and executive compensation. A ¥450,000,000,000 JPY reduction in capital reserves will be reallocated to other capital surplus accounts to boost distributable reserves and position the company for future strategic capital policies. Shareholders will vote on this measure at the May 27th annual meeting. Concurrent with these financial maneuvers, the company's leadership is undergoing restructuring. Ryuichi Isaka will retire as President and CEO, with Stephen Hayes Dacus stepping into the role while Takashi Sawada, Masaki Akita, Tatsuya Terazawa, and Christine Edman being candidates for directors. Junro Ito will transition to Executive Chair. This shift aims to strengthen corporate governance, enhance transparency, and improve strategic efficiency. Furthermore, the company is overhauling its director compensation system to attract and retain top talent in a competitive global market. This includes increasing the maximum compensation limit to ¥2,000,000,000 JPY per year, alongside the introduction of a Restricted Stock Unit (RSU) plan for directors. Seven-Eleven Japan will also see leadership changes, effective May 1 and May 15, as the company streamlines its headquarters and updates leadership.