Overview
- DePinto will step down at year-end after more than two decades leading the U.S. convenience-store chain.
- President Stan Reynolds and Chief Operating Officer Doug Rosencrans will serve as interim co-CEOs effective upon his departure.
- The board is working with a globally recognized executive search firm to identify the next permanent chief.
- Parent Seven & i is pursuing a broad restructuring that includes leadership changes and a potential partial sale of the U.S. unit, with CEO Stephen Dacus outlining transformational initiatives and expansion plans.
- The company faces cost pressures and reduced profit guidance reported in October even as it targets growth following major Sunoco and Speedway acquisitions.