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First Foreign CEO Dacus to Lead Seven & i Holdings

3/7/2025

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Summary

Dacus Leads Seven & i

Stephen Hayes Dacus has been appointed CEO of Seven & i Holdings, effective May 27, becoming the first foreign-born leader.
The company plans to launch an IPO for its U.S. 7-Eleven business by late 2026 to boost shareholder value.
Dacus succeeds Ryuichi Isaka, who will continue as a senior advisor during a $47 billion takeover bid from Alimentation Couche-Tard.
Seven & i will sell its superstore business to Bain Capital for $5.37 billion and initiate a $13.2 billion share buyback.

Summary

Parkland Explores Sale

Parkland Fuel Corp. is conducting a strategic review to explore sale options due to pressure from its largest shareholder, Simpson Oil Ltd.
The review seeks to maximize value and potentially align with Simpson Oil, which owns a 19.8% stake.
Revenues dropped to $28.3 billion in 2024 from $32.5 billion, impacted by refinery shutdowns and rising oil prices.
CEO Bob Espey highlighted the need for adaptation amid ongoing Canada-U.S. trade tensions.
Marcel Teunissen has been appointed president, overseeing North American retail and commercial operations.

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Dacus Leads Seven & i

Stephen Hayes Dacus has been appointed CEO of Seven & i Holdings, effective May 27, becoming the first foreign-born leader.
The company plans to launch an IPO for its U.S. 7-Eleven business by late 2026 to boost shareholder value.
Dacus succeeds Ryuichi Isaka, who will continue as a senior advisor during a $47 billion takeover bid from Alimentation Couche-Tard.
Seven & i will sell its superstore business to Bain Capital for $5.37 billion and initiate a $13.2 billion share buyback.

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