Changing of the Guard

Azzato, Maureen
December 2005
Convenience Store News;12/19/2005, Vol. 41 Issue 15, p3
Trade Publication
The article presents the author's views on the new private ownership structure of 7-Eleven Inc. On November 9, 2005 the world's largest convenience store chain was once again taken private after nearly 15 years as a publicly-traded company. On November 11, 2005 the company's turnaround president and CEO James Keyes retired from 7-Eleven after 20 years of service. Seventeen days later, a former 7-Eleven veteran and president of Game Stop, Joseph M. DePinto, was named as Keyes' successor. The upward trajectory of the company's performance with Keyes at the helm speaks for itself. Because of 7-Eleven's sheer girth as the world's largest convenience store chain, the industry as a whole has no choice but to rise and fall with it.


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