Joe DePinto, CEO of 7-Eleven Inc., is stepping down after a 14-year tenure, with two interim leaders named to oversee operations. The leadership transition comes amid ongoing strategic shifts in the global convenience retail sector.
- Joe DePinto retires as 7-Eleven CEO effective January 2026 after 14 years in the role.
- Interim co-leaders Sarah Kim and Raj Patel will manage operations until a permanent successor is appointed.
- Seven & I Holdings Co., Ltd. (7710.T) reported ¥1.2 trillion in consolidated revenue for fiscal year 2025.
- 7-Eleven’s North American same-store sales rose 6.2% year-over-year in Q3 2025.
- The 7-Eleven mobile app has over 42 million registered users globally.
- 7710.T stock declined 0.7% in after-hours trading following the announcement.
Joe DePinto, who has served as CEO of 7-Eleven Inc. since 2011, will retire effective January 2026, the company announced on December 22, 2025. DePinto, a key architect of 7-Eleven’s digital transformation and expansion into non-traditional retail formats, led the chain through significant growth in e-commerce integration and international markets. In a move to ensure continuity, 7-Eleven has appointed two interim co-leaders: Sarah Kim, currently Chief Operating Officer, and Raj Patel, Executive Vice President of Global Strategy and Innovation. Both will share operational oversight until a permanent successor is named, with a formal search process expected to begin in early 2026. The leadership change affects 7-Eleven’s parent company, Seven & I Holdings Co., Ltd. (7710.T), which reported consolidated revenue of ¥1.2 trillion ($8.1 billion) in the fiscal year ending March 2025. Despite DePinto’s departure, the company maintains strong performance across its 80,000+ global stores, with a 6.2% year-over-year increase in same-store sales in North America during Q3 2025. The interim leadership structure signals stability and a commitment to maintaining momentum in digital initiatives, including the 7-Eleven mobile app, which now boasts over 42 million registered users. Investors in 7710.T have reacted cautiously, with the stock showing a 0.7% decline in after-hours trading, reflecting minor concerns over succession planning in a competitive retail environment.