7-Eleven CEO Joe DePinto to retire, interim co-leaders named

Core Insights - 7-Eleven's president and CEO Joe DePinto will step down at the end of this year after over 20 years in the role [1] - The company will be led on an interim basis by Stanley Reynolds and Douglas Rosencrans until a permanent CEO is appointed [2][3] - The board of directors has initiated a formal succession process with a globally recognized executive search firm to find DePinto's long-term replacement [3] Leadership Background - Stanley Reynolds has been president of 7-Eleven since 2023 and previously served as CFO from 2005, with a tenure at the company since 1997 [4] - Douglas Rosencrans has been executive vice president and COO since 2022, responsible for store expansion and profitability across over 13,000 outlets in the US and Canada [4][5] Company Overview - 7-Eleven operates, franchises, and licenses over 13,000 convenience stores in the US and Canada under various banners including 7-Eleven, Speedway, Stripes, and Laredo Taco Company [6] - The company is part of Japan's Seven & i Holdings, which has seen significant expansion in its international and US store network under DePinto's leadership [6]