7-Eleven Owner Taps Ex-Dr Pepper Executive to Lead US Business

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Or sign-in if you have an account.(Bloomberg) — Seven & i Holdings Co. appointed former Keurig Dr Pepper Inc. executive Mauricio Leyva to lead its North American convenience-store business, putting a consumer industry veteran in charge as the Japanese retailer tries to revive performance and prepare the unit for an eventual public listing.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLeyva will become chief executive officer of 7-Eleven Inc. on Aug. 1, Tokyo-based Seven & i said in a statement Friday, adding that he’ll oversee efforts to bolster the store network and grow the company’s largest overseas business.The appointment comes three months after Seven & i said it would delay the listing of the US operation until the fiscal year ending February 2027, citing uncertain market conditions and the need to improve performance. 7-Eleven stores in North America have been hurt by weak fuel demand, softer consumer spending and slower store traffic, exposing the retailer’s reliance on gasoline-linked visits to drive higher-margin in-store purchases. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againLeyva served as group president of Keurig Dr Pepper from 2020 to 2024 after the merger of Keurig Green Mountain and Dr Pepper Snapple Group.“His appointment represents an important milestone as the company accelerates toward our transformation program,” Chief Executive Officer Stephen Dacus said in the statement. Joe DePinto, who was CEO of 7-Eleven’s US operations for two decades and orchestrated its expansion through the acquisition of Speedway and Sunoco gasoline stations, retired at the end of last year. While DePinto’s tenure was defined by aggressive expansion, the business struggled to improve profitability. Dacus’s decision to delay the IPO underscores how heavily the unit’s valuation will depend on a turnaround in its US business, which generates roughly half of the group’s convenience-store profit. Seven & i has been under pressure over its sluggish share price and drew an unsolicited takeover bid from Canada’s Alimentation Couche-Tard Inc. in 2024. While the Circle K owner abandoned its offer, the Japanese retailer streamlined its business and promised faster growth. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.