7-Eleven CEO Joe DePinto to retire, interim co-leaders named

7‑Eleven has confirmed that president and CEO Joe DePinto volition measurement down astatine the extremity of this year, concluding much than 20 years successful the apical job.

Following his departure, the retailer volition beryllium led connected an interim ground by 2 elder executives.

Stanley Reynolds, presently president of 7‑Eleven, and Douglas Rosencrans, enforcement vice president and main operating serviceman (COO), volition instrumentality connected the positions of interim co‑CEOs.

Their appointments volition commence upon DePinto’s status and volition proceed until a imperishable CEO is appointed.

Commenting connected his departure, DePinto said: “Serving arsenic 7-Eleven's CEO for the past 20 years and moving alongside specified an incredibly talented squad has been the honour of my nonrecreational life. I privation to sincerely convey each our Franchise Owners, institution squad members and concern partners for their bonzer committedness to 7-Eleven implicit the years.

“I'm grateful to each who person supported 7-Eleven and maine the past 2 decades and helped turn this marque and our concern into what it is today.”

The company, which represents the North American convenience retail operations of Japan’s Seven & one Holdings, said its committee of directors has launched a ceremonial succession process.

The committee is moving with a “globally recognised enforcement hunt firm” to place DePinto’s semipermanent replacement.

Reynolds has been president of 7‑Eleven since 2023. He antecedently served arsenic CFO from 2005 and has been with the concern since 1997.

His remit covers finance, accounting, mergers and acquisitions, firm strategy, existent estate, accusation exertion and the integration of the Speedway chain.

Rosencrans has held the relation of enforcement vice president and COO since 2022.

He is liable for driving store enlargement and profitability crossed much than 13,000 outlets successful the US and Canada.

Rosencrans joined 7‑Eleven successful 2010 and has antecedently held elder positions successful franchise operations, substance operations and the company’s Canadian division.

Seven & one Holdings president and CEO Stephen Hayes Dacus said: “On behalf of the Board, I would similar to convey Joe for his much than 2 decades of dedicated work and privation him good successful the future. As CEO of SEI, helium has led the important enlargement of the Group's International and US store web and its integer and logistics transformation, helping turn 7-Eleven into the world's largest convenience store chain.”

Based successful Irving, Texas, 7‑Eleven operates, franchises and licenses implicit 13,000 convenience stores successful the US and Canada nether the 7‑Eleven, Speedway, Stripes and Laredo Taco Company banners.