7-Eleven CEO Joe DePinto to retire after two decades
Stan Reynolds and Doug Rosencrans named Interim Co-CEOs as search for successor begins.
Seven & i Holdings has announced that Joe DePinto, CEO of 7-Eleven for more than 20 years, will retire at the end of this year. The company has appointed Stan Reynolds, current President of SEI, and Doug Rosencrans, Executive Vice President & COO, as Interim Co-CEOs until a permanent successor is named.
The Board, supported by a global executive search firm, is conducting a comprehensive process to identify the next leader of SEI, the North American convenience store business of Seven & i Holdings. “On behalf of the Board, I would like to thank Joe for his more than two decades of dedicated service,” said Stephen Hayes Dacus, President and CEO of the Group. “He has led the significant expansion of our store network and digital transformation, helping grow 7-Eleven into the world’s largest convenience store chain.”
Mr. Dacus emphasized that the Group is advancing transformational initiatives to enhance performance and shareholder value. “Our goal is to unlock SEI’s full potential, redefine convenience, and bring the 7-Eleven experience to even more customers across North America,” he added.
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. I want to sincerely thank all our Franchise Owners, company team members and business partners for their extraordinary commitment.”
The leadership change comes as Seven & i closes a pivotal year marked by strategic moves. These include plans to open 1,000 new stores in Japan and 1,300 in North America by FY2031, expansion into Europe as a fourth growth pillar, the $5.5 billion transfer of York Holdings to Bain Capital, and the withdrawal of a $47 billion acquisition bid by Alimentation Couche-Tard.
