Seven & i Holdings Co Ltd - Tokyo-based retail holding company - Says the company will be separating the positions of chief executive officer and chair of the board of directors. The purpose of the board restructuring is to "strengthen our corporate governance structure as a global company and further ensure transparency and objectivity in management decision-making", the company says. Stephen Hayes Dacus, currently lead independent outside director at Seven & i, is scheduled to assume the position of chair of the board of directors upon approval at the company's annual shareholders' meeting on May 28.

Current stock price: closed up 1.0% at JPY1,970.50 per share in Tokyo on Thursday

12-month change: down 1.3%

By Hugh Cameron, Alliance News reporter

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