TOKYO -- The Japanese owner of the 7-Eleven convenience store chain managed to secure shareholder backing for its reshuffled management on Tuesday, as the company tries to fend off a takeover bid from Canadian rival Alimentation Couche-Tard.
At an annual general meeting, all proposals submitted by Seven & i were approved, including the appointment of the new management team led by Stephen Hayes Dacus. The new president will now face the challenging task of steering the company toward maximizing shareholder value as demanded by the shareholders.
