7-Eleven CEO to retire

Core Insights - Joseph DePinto, CEO of 7-Eleven, will retire at the end of this year, marking a significant leadership change as the company prepares for an IPO in 2026 [4][3] - Stan Reynolds and Douglas Rosencrans will serve as co-CEOs until a permanent replacement is found, indicating a transitional phase for the company [4][6] - The new CEO will be responsible for overseeing the rollout of larger, food-focused convenience stores and enhancing technology and food offerings [5][6] Company Strategy - 7-Eleven is focusing on expanding its North American division by opening more food-centric convenience stores [4][5] - The company aims to redefine convenience and enhance customer experience across the North American market [6] - Seven & i's board is collaborating with a global executive search firm to identify DePinto's successor, emphasizing the importance of leadership in the company's transformation efforts [6][7] Leadership Transition - DePinto has led 7-Eleven for over two decades, significantly expanding the store network and driving digital and logistics transformation [7][9] - His departure comes after nearly 20 years on Seven & i's board, highlighting a long tenure of leadership and growth for the brand [7][9] - The company expresses gratitude for DePinto's contributions, indicating a positive legacy as it moves forward [6][7]