After more than two decades running Irving-based 7‑Eleven, CEO Joe DePinto is stepping down at the end of the month, closing out a long tenure at the convenience giant and kicking off an immediate leadership shuffle at the company’s North Texas headquarters.
7‑Eleven confirmed the move in a company statement late Friday, saying President Stan Reynolds and Executive Vice President & COO Doug Rosencrans will serve as interim co‑CEOs while the board conducts a global search for a permanent replacement. The release noted that DePinto has spent more than 20 years at the helm and that the board has hired an executive search firm to identify his successor, according to a press release via PR Newswire.
Corporate filings show DePinto has been 7‑Eleven’s chief executive since December 2005, a run that included a major push into fuel‑and‑convenience assets and a broad digital transformation. Records from government and regulatory agencies note that the chain closed its roughly $21 billion acquisition of Speedway in May 2021, a deal that expanded 7‑Eleven’s footprint and drew antitrust scrutiny. For more detail, see the U.S. Securities and Exchange Commission and the Federal Trade Commission.
Parent Company Reshuffle And IPO Plan
DePinto’s exit lands as Seven & i Holdings, the Tokyo‑based owner of 7‑Eleven, is reworking its leadership and capital plans, including a targeted IPO of the North American business in the second half of 2026. Seven & i’s board has described the moves as part of a broader slate of “transformational leadership, capital, and business initiatives” aimed at sharpening performance and unlocking shareholder value, according to Seven & i Holdings.
What DePinto Leaves Behind
During DePinto’s tenure, 7‑Eleven grew into a network of more than 13,000 stores across the U.S. and Canada, absorbed brands such as Speedway and Stripes, and leaned hard into apps, delivery and loyalty programs that changed how many customers interact with the chain. The planned IPO of the North American arm has been framed as a launchpad for even more growth; the company has signaled plans to add roughly 1,300 stores through 2030 as it readies for a U.S. listing. Those figures come from corporate materials and trade reporting by 7‑Eleven, Inc. and C‑Store Dive.
In the company statement, DePinto thanked colleagues, franchisees and customers, saying that leading 7‑Eleven “has been the honor of my professional life.” The board said it has retained a global executive search firm to manage the succession process, according to PR Newswire.
Local coverage has underscored 7‑Eleven’s Irving headquarters and the company’s deep ties to North Texas, where executives, franchisees and city leaders will be watching how quickly the board moves and how Seven & i’s IPO roadmap develops. For a local angle on the leadership change, see reporting from the Dallas Morning News.
