7-Eleven’s Joe DePinto stepping down after 20 years at company’s helm
7-Eleven, Inc.’s (SEI) Joe DePinto, who has served as CEO of the company for more than twenty years, announced he is stepping down.
Stanley (Stan) Reynolds, the current president of SEI, and Douglas (Doug) Rosencrans, executive vice-president & COO, have been appointed interim Co-CEOs of SEI. Both men will serve in this capacity until a successor to DePinto is appointed.
"On behalf of the Board, I would like to thank Joe for his more than two decades of dedicated service and wish him well in the future. 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," said Stephen Hayes Dacus, President and CEO of Seven & i Holdings, Inc. upon the announcement of DePinto’s retirement.
"Our Group is currently moving forward with a series of transformational leadership, capital, and business initiatives to enhance our performance, ensure disciplined stewardship of resources, and drive corporate and shareholder value creation,” Dacus added. “We strive to find, through a thorough selection process, the right person who can lead SEI and help us work even more closely together as one Group. Our goal is to further advance our transformation efforts, unlock SEI's full potential, redefine convenience, and bring the 7-Eleven experience to even more customers across the North American market."
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"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,” DePinto said. “I want to sincerely thank all our Franchise Owners, company team members and business partners for their extraordinary commitment to 7-Eleven over the years. I'm grateful to all who have supported 7-Eleven and me the past two decades and helped grow this brand and our business into what it is today."
On a LinkedIn post, DePinto added, “I reflected on two decades' worth of memories, letters, and photos from the journey. They filled me with nostalgia and profound gratefulness. The moments capture everything Team 7-Eleven achieved together: growing to over 80,000 stores worldwide, strengthening our franchise network, expanding into new international markets, transforming our digital and logistics businesses, and achieving a level of success few can match. Most importantly, I’m most proud of the servant leadership culture we collectively built and our team’s unwavering dedication to serving customers, communities, and each other.”
