Stephen Hayes Dacus makes history as first foreign CEO of 7-Eleven in Japan

In a landmark decision, Stephen Hayes Dacus was approved as the new chief executive of Seven & i Holdings Co., the operator of 7-Eleven stores in Japan. This appointment is particularly significant as Dacus becomes the first foreigner to lead the iconic Japanese convenience store chain, a role he began in early 2025. Dacus, who holds American citizenship but has Japanese heritage through his mother, brings a rich background in retail, having previously worked with major companies like Walmart and the Japanese clothing chain Uniqlo. The decision comes at a time when Seven & i Holdings is facing complex challenges, including a fiercely competitive landscape among konbini brands and a rapidly aging population in Japan, which potentially affects the convenience store market. Despite these obstacles, stakeholders have expressed optimism over Dacus's leadership capabilities. The shareholders demonstrated their confidence by approving not only Dacus's appointment but also his supporting leadership team at a recent meeting. During the meeting, shareholders discussed various strategic directions for the company, including a controversial acquisition proposal from Alimentation Couche-Tard of Canada, which had been previously rejected by Seven & i Holdings. The proposal was not included for voting at the shareholder assembly but remains a topic of discussion as the company conducts internal studies concerning potential collaborations or independent strategies. As Dacus takes on this challenging role, he has committed to enhancing growth for the chain, which has increasingly sought to expand its appeal beyond Japan's borders. The 7-Eleven stores in Japan are uniquely positioned, offering a vast assortment of products, from everyday necessities like ice cream and batteries to meal options and utility bill payment services. Moreover, the stores play an essential role in local communities by providing emergency supplies and facilities during disasters. The success of his leadership will likely depend on navigating the intricate dynamics of the Japanese market while fostering innovation and operational efficiency.