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7-Eleven Inc announced on Friday that its long-serving Chief Executive Officer Joe DePinto will retire after 20 years leading the company, marking the end of an era for one of North America’s largest convenience store chains. The announcement signals a major leadership transition for the company as it prepares for its next phase of growth in a highly competitive retail environment.
According to a company statement, 7-Eleven has appointed current President Stan Reynolds and Executive Vice President and Chief Operating Officer Doug Rosencrans as interim co-CEOs. The dual leadership structure will remain in place while the board of directors conducts a comprehensive search to identify a permanent successor to DePinto. The company emphasized that the succession process is already underway, highlighting the board’s focus on ensuring stability and continuity during the transition.
Joe DePinto has played a pivotal role in transforming 7-Eleven’s North American operations over the past two decades. Under his leadership, the convenience store brand expanded its footprint, modernized its stores, and strengthened its position in the fuel retail and quick-service food segments. His tenure also included navigating major shifts in consumer behavior, digital innovation, and evolving competition within the retail and convenience store industry.
7-Eleven Inc operates as the North American convenience store business of Japan-listed Seven & I Holdings, a global retail conglomerate. The parent company has consistently invested in expanding and upgrading the 7-Eleven brand, making leadership continuity a key priority for shareholders and stakeholders alike.
The appointment of Reynolds and Rosencrans as interim co-CEOs reflects the company’s confidence in its existing executive leadership team. Both executives bring extensive operational experience and deep knowledge of the business, which is expected to help maintain strategic momentum during the leadership transition.
As the board works to appoint a new CEO, industry analysts will be watching closely to see how the leadership change influences 7-Eleven’s long-term strategy, expansion plans, and competitive positioning in the North American convenience store market.
