At the same time, ValueAct told investors in a letter seen by Reuters that three partners, including the firm's president Brandon Boze, are leaving. Boze will retire from the firm in 2024 and partners Dylan Haggart and Sarah Coyne will leave. ValueAct also pushed to replace four Seven & i Holdings directors with its own candidates this year, a campaign rejected by shareholders. "Rob has built what we believe is the premiere engagement investing franchise in Japan," the letter said. ValueAct said Coyne identified long-term super cycles as the market reached to short term datapoints.

---

Persons: Robert Hale, Mason Morfit, ValueAct, Brandon Boze, Boze, Dylan Haggart, Sarah Coyne, Morfit, Jeff Ubben, Hale, Rob, Haggart, Coyne, Svea Herbst, Bayliss, Nick Zieminski Organizations: Reuters, Microsoft, San, Fund, Japan Fund, Olympus, Holdings, Elliott Investment Management, Ubben's Inclusive, Spotify, New York Times, Svea, Thomson Locations: Japan, San Francisco, Seagate, Salesforce