7-eleven has appointed stephen dacus as its new CEO amidst efforts to fend off a takeover by Canadian retail giant alimentation couche-tard, which has made a historic bid for the company.

Fighting off a takeover by a canadian rival, the Japanese parent company of 7-eleven announced a major business shake-up.

stephen dacus, a member of the company’s board of directors, will be the next C.E.O.

seven & i holdings announced the appointment of its first foreign-born chief executive.

The Canadian owner of Circle K has offered around $47 billion for control of Seven & i.