Seven-Eleven Japan Co.: Ryuichi Isaka promotion Tuesday ended weeks of boardroom drama that resulted in the resignation of Chairman and Chief Executive Officer Toshifumi Suzuki, according to The Japan Times. Activist investor Dan Loeb intervened in a letter dated March 27 — first reported by Bloomberg News — saying Isaka should instead be rewarded for Seven-Eleven Japan Co. strong results. His next hurdles: turn around weaker units and navigate a leadership transition at the country largest retailer. The controversy has cast an international spotlight on Seven & I and sparked discussions of Japan corporate governance, a pillar of Prime Minister Shinzo Abe efforts to invigorate the nation economy. Isaka will also need to mend the rifts that saw his boss quit the company. With the succession now in place, Isaka and the new slate of leaders are now tasked with how to deal with less profitable divisions that Loeb pushed to be restructured or divested.
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