DALLAS — 7-Eleven, Inc. announced late Thursday that longtime CEO Joe DePinto will retire at the end of 2025, ending a tenure of more than twenty years leading the convenience store chain.
Stan Reynolds, president of 7-Eleven, and Doug Rosencrans, executive vice president and chief operating officer, have been appointed interim co-CEOs starting upon DePinto’s retirement. The pair will lead the company while its parent conducts a formal search for a permanent successor.
7-Eleven is the North American convenience store business of Seven & I Holdings.
In a statement, Stephen Hayes Dacus, president and CEO of Seven & I Holdings, credited DePinto with guiding the company through a time of major expansion and modernization.
“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 mentioned that the group is progressing with a series of leadership, capital, and business initiatives aimed at enhancing performance and increasing value creation, emphasizing the need for a leader who can further drive 7-Eleven’s transformation and growth across North America.
DePinto, who joined 7-Eleven in the early 2000s and has served as CEO for more than 20 years, said leading the company had 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 to 7-Eleven over the years,” DePinto said. “Together, we helped grow this brand and our business into what it is today.”
Reynolds has been president of 7-Eleven since 2023 and previously served as chief financial officer for nearly twenty years. His responsibilities include finance, strategy, real estate, information technology, and integrating Speedway after its acquisition. Rosencrans has been chief operating officer since 2022 and manages store operations and expansion for over 13,000 locations across the U.S. and Canada, with prior experience at Mobil Oil and ExxonMobil.
The board said Reynolds and Rosencrans will jointly lead day-to-day operations and ongoing transformation initiatives until a permanent CEO is named.
