Japanese retail king falls as corporate culture evolves

20160408_Toshifumi_Suzuki_April7

Toshifumi Suzuki meets the press in Tokyo on April 7.

YO TANAKA, Nikkei senior staff writer

TOKYO -- Toshifumi Suzuki, chairman and CEO of Japanese retail giant Seven & i Holdings, has bowed out after a boardroom revolt against his proposal to oust the president of the group's convenience store unit Seven-Eleven Japan.

     In a press conference on Thursday announcing his resignation, Suzuki, who has ruled the sprawling empire for a quarter century, described Ryuichi Isaka as "a snake in my bosom."

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