A longtime leader for an iconic U.S. retailer is stepping down after more than 20 years.
Joe DePinto, CEO of Irving’s 7-Eleven Inc., will retire from his position, as of the end of this year, according to a company announcement. He’s been heading up the unit that’s the North American convenience store business at Japan’s Seven & I Holdings.
A search is on for a successor. Stanley Reynolds, president, and Douglas Rosencrans, executive vice president and COO, will step in as interim co-CEOs.
DePinto “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 Dacus, president and CEO at Seven & I Holdings.
D-FW Retail News
7-Eleven is a massive player in the convenience store industry as it operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada.
7-Eleven got its start in Dallas as a Southland Ice Co. in 1927 before selling to a Japanese company in 1991 as part of a bankruptcy deal.
DePinto’s tenure included the acquisition of Speedway and even an appearance on Undercover Boss.
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“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,” DePinto said in the statement.
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