7-Eleven, Inc. Announces Retirement of CEO Joe DePinto After More Than 20 Years of Service

Rhea-AI Summary

7-Eleven (PLCE) announced that CEO Joe DePinto will retire effective December 31, 2025, after more than 20 years as CEO.

Stanley (Stan) Reynolds, President of SEI, and Douglas (Doug) Rosencrans, EVP & COO, were appointed Interim Co-CEOs effective the same date while the Board, with a global executive search firm, conducts a comprehensive successor search.

Leadership bios note Reynolds oversees finance, Speedway integration and transformation work; Rosencrans oversees strategy supporting growth and profitability for over 13,000 stores in North America.

Positive

• Board engaged a global executive search firm to find a successor
• Stan Reynolds oversees finance, Speedway integration and transformation
• Doug Rosencrans manages strategy for over 13,000 North American stores

Negative

• CEO departure creates an active succession process and leadership transition
• Interim co-CEO arrangement may prolong strategic decision continuity

News Market Reaction – PLCE

-7.13% 1.8x vol

28 alerts

-7.13% News Effect

-12.2% Trough in 7 hr 4 min

-$8M Valuation Impact

$105M Market Cap

1.8x Rel. Volume

On the day this news was published, PLCE declined 7.13%, reflecting a notable negative market reaction. Argus tracked a trough of -12.2% from its starting point during tracking. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $8M from the company's valuation, bringing the market cap to $105M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Stan Reynolds and Doug Rosencrans appointed Interim Co-CEOs

DALLAS, Dec. 19, 2025 /PRNewswire/ -- 7-Eleven, Inc. (SEI) today announced that Joe DePinto, who has served as CEO of 7-Eleven, Inc. for more than twenty years, will retire from his position, effective as of the end of this year. Stanley (Stan) Reynolds, currently President of SEI, and Douglas (Doug) Rosencrans, currently Executive Vice President & COO of SEI have been appointed Interim Co-CEOs of SEI as of the same date and will serve in this capacity until a successor to Mr. DePinto is appointed. SEI is the North American convenience store business of Seven & I Holdings (7&i).

The Board of Directors of the Group, with the assistance of a globally recognized executive search firm, is engaged in a comprehensive process to identify a successor to Mr. DePinto.

"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.

Mr. 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."

Mr. DePinto commented, "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. 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."

About Stan Reynolds
Stan 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.

Prior to that, Stan served as Chief Financial Officer since 2005, and previously held positions as Vice President and Treasurer, Assistant Treasurer and Manager of Corporate Finance. He joined SEI in 1997. Before joining SEI, Stan was Vice President, Corporate Banking at NationsBank and previously worked as a Staff Accountant at Ernst & Whinney.

Stan is a board member of 7-Eleven, Inc., 7-Eleven International and the National Association of Convenience Stores. He has previously served on the boards of The Children's Place, Inc. (NASDAQ: PLCE), the Dallas Symphony Orchestra, and The North Texas Food Bank. Stan received a Master of Business Administration in Finance from Vanderbilt University and a bachelor's degree with summa cum laude honors from Henderson State University.

About Doug Rosencrans
Doug Rosencrans has been the Executive Vice President & Chief Operating Officer 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 to that, Doug served as Senior Vice President 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. Doug joined SEI in 2010. Prior to SEI, Doug served in leadership and supporting roles at Mobil Oil Corporation and ExxonMobil Corporation in fleet operations, category management, field merchandising, retail fuel pricing and retail operations, and global strategy.

Doug holds a bachelor's degree in finance and management from Texas A&M University and is a graduate of the Executive Master of Business Administration program at Southern Methodist University.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven offers customers fresh, high-quality and convenient food options like sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven also offers customers industry-leading packaged products at an outstanding value with its 7-Select™ private brand. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® and Speedy Rewards® loyalty programs, which have more than 100 million members. Customers can also place an order in the 7NOW® delivery app with real-time tracking and delivery typically in about 30 minutes, subject to driver availability, weather and traffic conditions. Find out more online at www.7-eleven.com.

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SOURCE 7-ELEVEN INC.

FAQ

When does 7-Eleven (PLCE) CEO Joe DePinto retire?

Joe DePinto will retire effective at the end of 2025 (December 31, 2025).

Who are the Interim Co-CEOs of 7-Eleven (PLCE) after DePinto retires?

Stanley Reynolds (President) and Douglas Rosencrans (EVP & COO) are Interim Co-CEOs.

How many stores does the interim leadership oversee at 7-Eleven (PLCE)?

Interim leadership oversees strategic plans supporting profitability for over 13,000 stores in the U.S. and Canada.

What is 7-Eleven (PLCE) doing to find a permanent CEO?

The Board retained a globally recognized executive search firm and launched a comprehensive successor search.

Will Joe DePinto remain in any other role at 7-Eleven (PLCE) after retirement?

The announcement states Joe DePinto will retire as CEO; no other post-retirement role was disclosed.

Does the leadership change affect 7-Eleven's transformation and capital initiatives?

The Group said it will continue transformational leadership, capital, and business initiatives during the succession process.