Dallas / TX. (se) 7-Eleven Inc., the world’s largest convenience retailer, is proud to announce Ken Wakabayashi’s new role as Co-CEO of 7-Eleven International LLC (7IN). Previously 7-Eleven Inc.’s SVP, Head of International, Wakabayashi will now lead the 7-Eleven brand’s global growth strategy alongside Co-CEO Shinji Abe from Seven-Eleven Japan.
«We are thrilled to offer our congratulations to Ken Wakabayashi on this exciting new role,» said Joe DePinto, 7-Eleven, Inc. President and Chief Executive Officer. «With this move, Ken will help lead the 7IN team to further our global growth strategy and provide world-class value and support to our International Licensees and Master Franchisees.»
As Co-CEOs of 7IN, Wakabayashi and Abe will be responsible for all operations outside North America and Japan as well as overseeing the 7-Eleven trademark globally. This team will further enhance providing world-class support to existing Licensees and Master Franchisees and focus on expanding the 7-Eleven brand into new territories.
«This change reinforces 7-Eleven, Inc.’s and Seven-Eleven Japan’s commitment to the growth of the 7-Eleven brand and to providing value and support to our Licensee and Master Franchisee organizations,» said Ken Wakabayashi 7IN Co-CEO. «We are well positioned for growth and long-term value creation as we focus on expanding the brand into new territories and provide an enhanced support structure for our existing territories.»
This announcement comes following the formation of 7-Eleven International LLC (7IN). By combining the strengths that joint owners 7-Eleven, Inc. and Seven-Eleven Japan have cultivated in their local markets into the new entity, 7IN will able to better leverage 7-Eleven’s product development capabilities, digital technology and environmental, social and governance (ESG) initiatives, while maintaining its position as a global brand.
Along with this exciting change comes a team revitalization in support of international growth and enhancement of the 7-Eleven® brand worldwide. Joe DePinto, Chief Executive Officer, Chris Tanco, Executive Vice President and Chief Operating Officer, and Stan Reynolds, Executive Vice President and Chief Financial Officer from 7-Eleven, Inc. along with Ken Wakabayashi, Co-CEO of 7IN will serve on the 7IN Board of Directors.