Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan

Stephen Hayes Dacus has been approved to beryllium the caller main enforcement of the relation of 7-Eleven, the archetypal foreigner to pb the Japanese convenience store chain

TOKYO -- Stephen Hayes Dacus was approved Tuesday to beryllium the caller main enforcement of the relation of 7-Eleven, the archetypal foreigner to pb the Japanese convenience store chain.

The American with a Japanese parent was appointed earlier this twelvemonth to beryllium chief enforcement of Seven & one Holdings Co., which operates the stores, known arsenic “konbini” successful Japan.

An acquisition connection by Alimentation Couche-Tard of Canada, which the institution has truthful acold rejected, was not up for ballot astatine the shareholders’ meeting. The companies are discussing the connection and Seven & one is conducting an interior study.

Dacus has promised further maturation for the business, which has been widening its overseas appeal. The 7-Eleven concatenation is the biggest convenience store concatenation successful the U.S. But immoderate analysts accidental determination are challenges successful the Japanese market, wherever the colonisation is rapidly aging and contention is fierce among konbini brands.

Fluent successful Japanese and English, Dacus antecedently worked astatine Walmart, Japanese covering concatenation Uniqlo and different retailers. Shareholders appeared to person precocious hopes for his enactment and the remainder of the caller squad that besides won their approval. It remains unclear whether the institution is going to spell it unsocial oregon determine to collaborate with Couche-Tard.

The 7-Eleven stores successful Japan merchantability everything from crystal pick to batteries to wellness needs and blistery meals. Some stores let customers to wage inferior bills oregon usage the copier machine. They besides enactment with section governments to assistance retired during disasters, providing water, alleviation supplies, toilet facilities and exigency information.

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Yuri Kageyama is connected Threads: https://www.threads.com/@yurikageyama

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