Seven & i Holdings has hired Tetsuya Takagi as executive officer and chief financial officer, the company announced earlier this month.
Takagi has replaced Yoshimichi Maruyama, who had been Seven & i’s CFO since early 2023. Maruyama remains a director and managing executive officer of Seven & i’s board of directors, according to the announcement.
“I'm very pleased to welcome Takagi-san as our new CFO, taking over from Maruyama-san, who contributed immensely over his years in Seven & i,” Stephen Dacus, president and CEO of Seven & i, said during the company’s investor relations presentation last week. “Takagi-san will bring his strong global experience to our effort to drive the next phase of our growth.”
Takagi has over three decades of experience in financial leadership for major companies across Asia. Prior to joining Seven & i, he was director and CFO of Japanese confectionery company Morinaga, and was its senior vice president before that. He has also been CFO of Japanese electronics producer Twinbird Corporation, according to his LinkedIn bio.
He joins Seven & i during a crucial phase for the Japanese conglomerate, which operates over 84,000 7-Eleven convenience stores around the world. The company is in the process of transforming multiple parts of its business, notably its operations in North America, where it’s been preparing for an IPO.
“I strongly believe that we have significant potential to expand our business globally and achieve sustainable growth,” Takagi said during last week’s presentation. “I am committed to contributing firmly to the realization of that potential from the finance and accounting perspective. At the same time, I believe that our group is now at a point where we have a very significant growth opportunity and where an even greater degree of discipline and execution is required to realize it.”
Takagi said his job as CFO is to accelerate disciplined execution, enhance corporate value and create long-term shareholder value across Seven & i’s global operation. Finding the balance between strengthening Seven & i’s business fundamentals and scaling for the future is “the most important responsibility of a CFO,” he added.
“As CFO, I will move forward with clear resolve, driving transformation and working tirelessly to build one of the most trusted corporate groups in the world,” he said.
