United States — Joe DePinto will retire as chief executive of 7-Eleven, Inc. at the end of the year, bringing to a close more than 20 years at the helm of the world’s largest convenience store chain.
Stanley Reynolds, president of 7-Eleven, Inc. (SEI), and Douglas Rosencrans, executive vice president and chief operating officer, have been appointed interim co-CEOs, effective on the same date.
The board of Seven & I Holdings, 7-Eleven’s parent company, has begun a global search for DePinto’s successor.
Stephen Hayes Dacus, president and CEO of the Group, said DePinto had overseen a period of significant expansion and transformation.
“As CEO of SEI, he has led the significant expansion of the Group’s International and U.S. store network and its digital and logistics transformation, helping grow 7-Eleven into the world’s largest convenience store chain,” Dacus said.
Dacus added that the Group is pursuing ‘transformational leadership, capital, and business initiatives’ and aims to appoint a leader who can ‘unlock SEI’s full potential, redefine convenience, and bring the 7-Eleven experience to even more customers across the North American market.’
Reflecting on his tenure, DePinto said, “Serving as 7-Eleven’s CEO for the past 20 years and working alongside such an incredibly talented team has been the honor of my professional life.”
He thanked franchise owners, employees and partners for their ‘extraordinary commitment’ in helping grow the brand.
