US convenience store chain 7-Eleven said its chief executive will retire at the end of this month, as Japanese parent Seven & i Holdings Co. seeks a turnaround of the business.
Joe DePinto, who was CEO for two decades and orchestrated its expansion through the acquisition of Speedway and Sunoco gasoline stations, will be replaced on an interim basis by President Stan Reynolds and Chief Operating Office Doug Rosencrans of the US unit, the company said in a statement late Friday.
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