7-Eleven, Inc. Announces Retirement of CEO Joe DePinto After More Than 20 Years of Service [Yahoo! Finance]
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Source: Yahoo! Finance
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
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