With little fanfare or public announcement, 7-Eleven Inc. enacted a series of executive promotions effective May 1, most significantly naming Stan Reynolds to the position of SEI president, a role previously held by CEO Joe DePinto.
A request for comment from 7-Eleven spokespersons was not returned as of this story being published.
- 7-Eleven Inc. is No. 1 on CSP’s 2023 Top 40 update to the 2022 Top 202 ranking of U.S. convenience-store chains by store count.
An internal document accessed by CSP shows the following promotions effective May 1 across the 7-Eleven executive team:
- Stan Reynolds, previously executive vice president (EVP) and chief financial officer, is promoted to SEI president.
- Jesus Delgado-Jenkins, EVP, technology, innovation and experience, has taken on the role of EVP and chief merchandising officer.
- Marissa Jarratt is now EVP, chief marketing and sustainability officer.
- Jack Stout is now EVP, fresh foods, value chain and logistics.
- Ian Williams is senior vice president (SVP), construction, energy, engineering and facilities.
- David Colletti is promoted to SVP, real estate and mergers & acquisitions.
- Ken Hathaway is promoted to SVP, strategy, project management officer and transformation.
- Dennis Phelps is promoted to SVP, merchandising.
- David Seltzer is promoted to SVP and chief financial officer.
- Jas Singh is promoted to SVP, merchandising.
- David Strachan is promoted to SVP, fresh foods.
- Mark Buscher is promoted to zone vice president, United Zone.
- Onutase DeHenre is promoted to vice president, data and RIS/DEX.
- Paul Russell is promoted to vice president and deputy general counsel.
- Aaron Strahota is promoted to vice president and treasurer.
- Kristen Cook will take on the role of vice vresident and chief of staff to the CEO.
- Carina Duffy is now vice president, strategic sourcing.
The series of promotions comes as investors are putting pressure on 7-Eleven parent company, Japan’s Seven & i Holdings, to spin off the retail chain or find other ways to improve shareholder value.
In its latest comments, Seven & i Chief Executive Ryuichi Isakatold Reuters a spin-off of 7-Eleven would jeopardize the convenience-store chain's future growth by cutting it off from its parent's strength in the food business.
Based in Irving, Texas, 7-Eleven Inc. operates, franchises or licenses more than 83,000 convenience stores in 19 countries and regions, including more than 13,000 7-Eleven convenience stores in the United States and Canada. In addition, it operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations.
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