Two top executives named co-CEOs.
By Andrew Carlo
Joe DePinto, who has served as CEO of 7-Eleven, Inc. for 20 years, announced he will retire at the end of the year.
DePinto was appointed CEO in 2005 and joined the company after previously serving as president of GameStop Corporation and holding executive positions at PepsiCo, Inc. and Thornton Oil Corporation.
Based in Irving, Texas, 7-Eleven operates, franchises and licenses more than 13,000 stores in the United States and Canada. The company also operates and franchises the Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits brands and locations.
Stanley Reynolds, current president of SEI, and Douglas Rosencrans, executive vice president and and chief operating officer of SEI, have been appointed interim co-CEOs. The two executives will serve as co-CEOs until DePinto’s successor is found, the company said. SEI is the North American convenience store of Seven & I Holdings.
“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 the group.
Dacus added, “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. 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.”
“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.”
Reynolds has been president of SEI since 2023. In this role, he is responsible for finance, accounting, tax, mergers and acquisitions, strategy and transformation, construction and facilities management, shared services, real estate, procurement, information technology and the Speedway integration.
He also as chief financial officer since 2005 and previously held positions as vice president and treasurer, assistant treasurer and manager of corporate finance. The interim co-CEO is a board member of 7-Eleven, Inc., 7-Eleven International, and the National Association of Convenience Stores.
Rosencrans has been the executive vice president and COO for SEI since 2022. He is responsible for developing, implementing and maintaining strategic plans to support store growth and overall profitability for over 13,000 stores in the U.S. and Canada.
Prior, Rosencrans served as SVP of franchise operations. He has held several other leadership roles including vice president and general manager of Canada, zone vice president and vice president of fuel operations. The executive joined SEI in 2010.
Franchise information for 7-Eleven can be found at https://franchise.7-eleven.com/franchise/home.
