Dallas, Texas-based 7-Eleven, the world’s largest convenience retailer, announced today that Edward W. Moneypenny will join the company as senior VP and CFO, effective 1 February.

Moneypenny will report to 7-Eleven’s president and CEO Jim Keyes and serve as a member of the company’s executive committee. His responsibilities will include corporate finance, strategic planning, treasury, investor relations, accounting, risk management, tax and internal audit.

Keyes commented: “Ed Moneypenny’s financial and leadership experience will be a tremendous asset to our company.

“We look forward to Ed’s contributions as a key member of our senior management team and his participation in further strengthening the 7-Eleven brand.”

Moneypenny served as CFO for Dallas-based Oryx Energy Co. from 1988 to 1999. In 1999 he was instrumental in the successful merger of Oryx into Kerr- McGee Corp. For the past 12 months, he was executive vice president and CFO of Covanta Energy Corp. Previously he was senior vice president and CFO of Florida Progress Corp., a diversified electric power company. While at Florida Progress, Moneypenny spearheaded the company’s US$8bn merger with Carolina Power & Light Co., which subsequently changed its name to Progress Energy, Inc. Both Florida Progress and Oryx Energy were former Fortune 500 companies.