Joseph DePinto, CEO of 7-Eleven, will retire at the end of the year, with Stan Reynolds and Douglas Rosencrans stepping in as co-CEOs. The move coincides with 7-Eleven’s plans to open more food-focused c-stores and go public in 2026, marking a significant shift for the company.

The new CEO will need to navigate an IPO, oversee the rollout of food-focused stores, and enhance technology and food offerings. Seven & i Holdings is actively searching for DePinto’s successor, thanking him for his contributions in expanding 7-Eleven’s global presence.

DePinto, a leader at 7-Eleven for over 20 years, expressed gratitude for his time with the company. Reynolds and Rosencrans, with extensive experience at 7-Eleven, will serve as co-CEOs, ensuring continuity and strategic growth for the company. The search for a new CEO is underway to guide 7-Eleven through its transformation and expansion.

Read more at Yahoo Finance: 7-Eleven CEO to retire