As 7-Eleven, Inc (SEI) prepares for significant expansion of its store fleet in North America, the retailer also is on the lookout for a new CEO. Joe DePinto, who has served as CEO for more than two decades, will retire at the end of 2025. Stanley Reynolds and Douglas Rosencrans, currently President and EVP/COO of SEI, respectively, have been appointed interim co-CEOs.
The change at the top is likely to be the first of many as SEI’s parent company, Seven & i Holdings, which is reportedly planning an IPO to spin off its North American business in 2026, according to multiple media reports. In October 2024, the parent company had announced plans to consolidate 31 its non-convenience store businesses into a new holding company in preparation for a potential IPO for these combined entities.
Canada-based convenience store retailer Alimentation Couche-Tard (ACT) made a nearly year-long attempt to purchase the 7-Eleven business, but the deal fell apart in July 2025 due to what ACT termed a “lack of sincere and constructive engagement” from SEI. Then in August 2025 7-Eleven announced plans to add 1,300 new larger-format stores in North America by 2030, increasing its 13,000-store footprint in the region by 10%.
C-Suite Shakeup Part of Larger Transformation Initiative
SEI “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,” said Stephen Hayes Dacus, President and CEO of SEI in a statement. “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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Dacus also saluted DePinto’s accomplishments: “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.”
