7-Eleven Inc. CEO Joseph DePinto has resigned from Seven & i Holding’s board of directors, effective March 9, Seven & i announced on Monday.
DePinto had served as a director for Seven & i, parent company of 7-Eleven, since 2005, when he took over the lead role at 7-Eleven, according to his bio on the company’s webpage.
DePinto’s resignation comes as Seven & i prepares to spin off its North American division as its own company in the second half of 2026. That news was part of a slate of announcements last week that also included naming Stephen Dacus as the successor for current Seven & i CEO Ryuichi Isaka, who has been in the role since 2016. Dacus is expected to take over in May.
DePinto’s resignation also comes as the retailer continues takeover talks with Alimentation Couche-Tard, parent company of Circle K.
There was no indication that DePinto would step back from his role with 7-Eleven as the company prepares for its initial public offering. 7-Eleven did not respond by press time when asked for more details on DePinto’s resignation from Seven & i’s board.
For fiscal year 2023, 7-Eleven’s North American division — which includes over 13,000 convenience stores — brought in almost $60 billion in revenue and $4.2 billion in EBITDA.
7-Eleven is also in the midst of a food-focused transformation, including a new store design which gives more attention and space to fresh food. Experts note that the money from 7-Eleven’s IPO could be used to bolster these ambitions. Alternatively, separating the North American operations from the rest of the business might turn the retailer into an easier target for Couche-Tard’s takeover plans.
